Maritime Defence: Danish export promotion to France

French Naval Industry - Market Developments

Global military spending has reached a record high, driven by increased investments in defense across Europe. France is expected to allocate hundreds of billions of euros to bolster its military capabilities through a new military programming law, including support for new capabilities and ongoing programs until the end of the decade. President Macron has proposed a $438 billion military budget plan to the French parliament, likely to be approved soon.

Admiral Pierre Vandier, Chief of Staff of the French Navy, has emphasized the global trend of "naval rearmament," particularly in areas of strategic importance to France, like the Mediterranean and Indo-Pacific. As a result, the French Navy will see enhancements in the coming years, including the construction of new ships, such as an aircraft carrier and advanced frigates, along with investments in emerging domains like cyber, seabed warfare, drones, and space."

French defence 2024-2030 budget allocations:

• €5 billion for intelligence and counterintelligence efforts
• €13 billion for overseas capabilities and initiatives
• €5 billion for “drones” to include unmanned systems and remotely operated munitions
• €5 billion for surface-to-air defence capabilities
• €16 billion for munitions, including modernization of long-range anti-ship missiles, F321 heavy torpedoes, and new surface-to-air and air-to-air interceptors
• €49 billion for maintenance and conditional operations, a 49% increase over the previous LPM
• €10 billion for innovative technology investments
• €6 billion for the space domain
• €4 billion for cyber defence

What to expect?

• A unique opportunity to connect with representatives from the French and Danish armed forces, as well as the French Government.
• Meet with leaders in the defense industry and technical experts.
• Gain valuable insights into the French navy market.
• Present your products and services to the French Government's Defence Procurement and Technology Agency (DGA).
• Danish companies can enhance their chances of successfully entering the French defense market and building valuable connections within the industry.

This export promotion is arranged by Danish Export Association in cooperation with Naval Team Denmark, Danish Maritime, The Danish Embassy in Paris and GICAN.

Agenda

Individual arrival and networking dinner on November 15 at restaurant Flora Danica on Champs Elysée at 7:30 pm. You will meet industry colleagues and get updates on the possibilities for cooperation within the navy segment.

On November 16, we will spend the day at « La Maison du Danemark » where you will meet representatives from the French and Danish armed forces as well as networking with French companies.

This event is subsidised by The Trade Council. To participate with subsidy, your company must be eligible to receive subsidies based on the de-minimis-rules and regulations from the Trade Council.

The de minimis-enactment means that a company can receive public subsidies of maximum EUR 200,000 within a period of three financial years. To receive subsidies, companies must be registered with a Danish VAT-number and complete a business form.