Europe's aerospace and defence turnover jumped 10.1% in 2024 to $378 billion, industry body ASD says

Europe's aerospace and defence industries grew sharply in 2024, with turnover up 10.1% to 325.7 billion euros ($378.04 billion) and direct employment hitting a record 1.1 million, Camille Grand, secretary general of industry group ASD said on Tuesday.

Defence led the surge with turnover up 13.8% to 183.4 billion euros, driven by higher spending and efforts to bolster security driven by the war in Ukraine, Grand told reporters.

($1 = 0.8615 euros)

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