Technology and the defense industry: real threats, bad habits, or new (market) opportunities?
Technology has been playing a central role in defense spending or arms-producing countries since World War II. Although there has been no major threat or conflict since the 1990s, defense R&D absorbs a large share of military expenditures, as well as public R&D. This technology-centric paradigm results from uncertainties surrounding defense matters and the need to avoid strategic surprises. However, one can wonder whether such a paradigm is still adapted to today's defense needs. This is a trend strongly driven by the supply side: defense firms have developed a business model that cannot survive without launching new programs, hence a high level of defense R&D. This explains both an overinvestment in technology, resulting in the development of unaffordable technologies or unsustainable performance targets, and the technology-centric model that defense firms favor in side markets like security.
|Date of creation:||02 Sep 2013|
|Date of revision:|
|Publication status:||Published, Journal of Innovation Economics & Management, 2013, 2013/02, 12, 59-78|
|Note:||View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00947395|
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