Europe, the Transatlantic Defense Industry, and How to Make the Right Choice?

This paper argues that the prospect of transatlantic defense industry cooperation is fading away. Analyzing the implication of the economic crisis on the European and U.S. defense industry, it presents a realistic view of the difficult interaction between political and industrial perspectives in the decision-making process. It outlines different scenarios of the future of transatlantic security cooperation, and highlights the key questions each partner needs to ask itself to promote its strategic interests.