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The Straits Times. (2026, November 3). European naval defence industry meets as threats drive fleet upgrades. The Straits Times. https://www.straitstimes.com/world/europe/european-naval-defence-industry-meets-as-threats-drive-fleet-upgrades
The Straits Times. “European naval defence industry meets as threats drive fleet upgrades.” The Straits Times, 3 Nov. 2026, https://www.straitstimes.com/world/europe/european-naval-defence-industry-meets-as-threats-drive-fleet-upgrades.
The Straits Times. “European naval defence industry meets as threats drive fleet upgrades.” The Straits Times, November 3, 2026. https://www.straitstimes.com/world/europe/european-naval-defence-industry-meets-as-threats-drive-fleet-upgrades.
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The European naval defence industry convened near Paris on November 3 for Euronaval, an arms fair where shipbuilders, missile makers, and drone manufacturers showcased their products. This gathering comes amid heightened concerns over Russian aggression and diminishing faith in the United States as a reliable defense ally. European governments are accelerating efforts to fortify their navies, particularly after NATO announced plans to deploy more maritime patrol aircraft and drones to the Black Sea following deadly drone attacks on cargo vessels off the coasts of Romania and Bulgaria linked to Russia's war in Ukraine.
The market for military and paramilitary shipbuilding surged to $122 billion globally in 2024-2025, marking a 50% increase from two years earlier. The Euronaval exhibition is expected to feature a record number of exhibitors, up 45% from the last edition held two years ago. Driven by the rising threat of drone warfare and attacks on critical undersea infrastructure, naval defense technology remains a focal point at the event.