To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

Portugal reforms defence industry

16th June 2020 - 11:00 GMT | by The Shephard News Team

RSS

The Portuguese government is restructuring its defence industry by setting up a new holding company (called idD – Portugal Defense) and reorganising management in two existing companies: Arsenal do Alfeite, SA and idD - Plataforma das Indústrias de Defesa Nacionais.

In a joint statement on 13 June, the finance and defence ministries announced the measures would ‘combine the objectives of a stable and credible fiscal policy’ and consolidate the role of the state in the defence industry ‘in an articulated and centralised way’.

The government believes that management reform of the defence industry, which employs 2,600 workers and generates annual turnover of about EUR350 million ($397 million), would also facilitate Portuguese engagement with broader EU-wide initiatives.

As part of our promise to deliver comprehensive coverage to our Defence Insight and Premium News subscribers, our curated defence news content provides the latest industry updates, contract awards and programme milestones.

The Shephard News Team

Author

The Shephard News Team


As part of our promise to deliver comprehensive coverage to Premium News and Defence Insight …

Read full bio

Share to

Linkedin