Market Share of Eastern Europe Defense Industry
The Eastern Europe Defense market is semi-consolidated. Rostec, BAE Systems plc, THALES, United Shipbuilding Corporation, and Rheinmetall AG are some of the major players in the market. Mergers and acquisitions are increasing as players aim to increase productivity and cut costs. For instance, in June 2022, Rostec merged United Aircraft Corporation (UAC) and the fighter manufacturers Sukhoi and Mikoyan-Gurevich into a single aircraft building center. The optimization is expected to enhance productivity and save the company about USD 1.7 billion.
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 take advantage of rising opportunities from countries like Poland, Romania, and Bulgaria, as these countries are planning further upgrades of military equipment in the coming years.
Eastern Europe Defense Market Leaders
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Rostec
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Rheinmetall AG
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United Shipbuilding Corporation
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BAE Systems plc
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THALES
*Disclaimer: Major Players sorted in no particular order
