After decades of piecemeal consolidation and interlocking alliances, Europe stands on the precipice of a major defence industrial shift.

The choices made by politicians, generals and executives in the next couple of years will determine the future structure of the European defence industrial base and its contribution to the European and global security environment for decades to come. These decisions, however, must be made by breaking with tradition to develop a new understanding of defence industrial sovereignty within a truly common European defence.[...]