“War economy”: Macron will urge industrialists to “increase risk taking”

The President intends to bring together arms manufacturers at the Elysee Palace on Tuesday to encourage them to take “increased risk-taking”, particularly on arms exports.

By Le Figaro with AFP

Published on 03/27/2023 at 7:30 p.m

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Emmanuel Macron, March 24, 2023. POOL/ Portal

Emmanuel Macron will gather defense industrialists at the Élysée Palace on Tuesday to take stock of what he is calling for a transition to a “war economy” and to encourage them to “take more risk-taking”, particularly in arms exports.

The Head of State will receive nine great bosses at the beginning of the afternoon, including Nicolas Chamussy (Nexter), Eric Trappier (Dassault Aviation*), Pierre-Eric Pommellet (Naval Group), Patrice Caine (Thales) or even Guillaume Faury (Airbus). announced the presidency to journalists on Monday. In view of the Russian-led conflict in Ukraine and the need to send more and more arms to Kiev, the president called for a switch to a “war economy” in June, i.e. the ramping up of the arms industry.

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Goal: produce faster and faster, also to prepare the French army for a major conflict. Since then, several meetings with manufacturers have taken place with Army Minister Sébastien Lecornu. This time, it’s the head of state who is meeting them to ensure they continue their “cultural transformation,” according to an adviser.

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“Get more, cheaper and faster”

“The president will of course confirm to manufacturers that the state will continue this defense effort and therefore we will continue to invest in national programs,” which guarantees them “visibility in relation to national orders,” he added. On the part of the state, this means an “increased willingness to take risks”, which will speed up its processes and reduce its specifications in order to “get more, cheaper and faster”, explained the Elysée.

It “must go hand in hand with an increased willingness to take risks on the part of the manufacturers themselves for exports” towards the European Union “and far beyond”, the Presidency estimated. “We urge manufacturers” “to be even more aggressive in attracting new export customers” in order to “bring to life over time” these materials “that we have been producing quickly and in large numbers”.

*The Dassault Group owns the “Figaro”