Current Trends in the Austrian Armament Industry
Although a small branch of the whole industry, due to excellent products it can survive on the market
DOI:
https://doi.org/10.23713/HT.56.5.05Keywords:
armament industry in Austria, defence industry, weapons and ammunition, dual-use products, vehicles for military purposeAbstract
The armament industry of the Republic of Austria from 1955 to the present day has been a small part of the country’s industry, which employed more than 15,000 people in the production of weapons in its heyday in the 1980s, but today has only about 1500 employees due to a shrinking process resulting from the lack of domestic demand and extensive export restrictions. Overall, including niche products and dual-use products, around 90 percent of the products of the defence industry are exported, generating sales of 2.5 billion euros. In total, 32,000 people are employed directly or indirectly in the Austrian security and defence sector.
