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European rearmament has filled the order books of France's defence industrial and technological base (the "BITD"). But behind the sector's unmissable major players — Thales, Naval Group, Safran, Dassault Aviation and MBDA chief among them — the roughly 4,500 small and mid-sized firms that make up the supply chain are struggling to raise the capital they need to keep pace.
France's aerospace and space industry is entering a decade of exceptional visibility. Order books are full, growth is there. What's at stake now is whether SMEs can turn that opportunity into actual production.
SMEs occupy a central place in the French economy, one that is often underestimated. The leading employer across French regions and a driver of innovation in strategic sectors, they form an economic fabric whose health directly affects that of the country as a whole.
