Market Share of Eastern Europe Defense Industry
Rostec, BAE Systems PLC, Thales Group, United Shipbuilding Corporation, and Rheinmetall AG are some of the major players in the market. Mergers and acquisitions are increasing in the market as players aim to increase productivity and cut costs. For instance, in March 2021, the Russian state corporation Rostec announced that the United Aircraft Corporation (UAC), and the fighter manufacturers Sukhoi and Mikoyan-Gurevich, will be merged into a single aircraft building center. The optimization is expected to enhance productivity and save about USD 1.7 billion for the company. Local manufacturers are strengthening their presence in the region by increasing their production capabilities and forming joint ventures with foreign players, thereby increasing their competitiveness in the market. Furthermore, players can make use of the rising opportunities from countries, like Poland, Romania, and Bulgaria, as these countries are planning for further upgrades of military equipment in the coming years.
Eastern Europe Defense Market Leaders
Rostec
BAE Systems PLC
Thales Group
Rheinmetall AG
United Shipbuilding Corporation
*Disclaimer: Major Players sorted in no particular order
