PwC x Strategy& x BAKS: Cutting-edge, affordable, ready
Report edited by PwC and Strategy& in cooperation with the German Federal Academy for Security Policy (BAKS) for the Munich Security Conference 2025
Cutting-edge, affordable, ready: A vision for Europe’s defense industrial future
As Europe navigates a complex geopolitical landscape marked by growing threats to its territorial integrity and ongoing conflicts at its Eastern borders, it is imperative to reassess and fortify its defense capabilities. Recent developments have exposed critical vulnerabilities in European defense forces and industry (e.g., cyber threats; capacity constraints in ammunition production; delivering cutting-edge weapons systems in the right quantity, time, and quality; mass production). These are accentuated by a significant dependence on shifting global alliances.
The digital edition is available for free download: Cutting-edge, affordable, ready (3.55 MB)