The EU is investing up to 150 billion euros in joint defense through the new defense fund “Safe.” What does this mean for Austria? Between neutrality and security strategy, new opportunities arise for the economy and industry — ranging from weapons technology to tank manufacturing. The EU member states have agreed on a new financing […]
Category: Defense
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Palfinger and the defense business: “Tenders are a matter of one or zero”
Palfinger currently generates less than five percent of its consolidated turnover with the defense industry. However, the technology and crane manufacturer expects "above-average growth" in the defense sector. The establishment of an EU armaments fund worth billions gives cause for hope - also because this will help to smooth out fluctuations in demand in the construction industry.