An independent report published today by Strategy&, part of the PwC network, has revealed the scale of the Eurofighter Typhoon programme’s contribution to economies across Europe.
The in-depth report examines the entire spectrum of development, production, and support activities, encompassing the four Eurofighter Typhoon partner nations of the United Kingdom, Germany, Italy and Spain.
It provides a comprehensive look into the programme and delivers compelling data showing the current economic benefits of the programme as well as anticipating future economic contributions, focussing in particular on the next 10 years.
The “base scenario” takes into account orders for new Eurofighter Typhoons from Spain (Halcon I and II) and Germany (Quadriga). This scenario shows that, for the next decade, the programme is set to contribute €58 billion to the GDP of the four core nations’ economies; generate tax revenues of €14 billion for the respective governments; and support 62,700 jobs annually.
Those numbers increase significantly in the report’s “growth scenario” with opportunities for sales of approximately 200 Eurofighter Typhoons on the domestic and export market.
This scenario shows, for the next decade, a programme contribution of €90 billion to GDP; tax revenues of €22 billion generated; and more than 98,000 jobs each year. The benefit of future export opportunities would mean that around 30 per cent of the core nation investment would return as tax revenues.
Giancarlo Mezzanatto, Chief Executive Officer at Eurofighter Typhoon, said:
“The vital role that the Typhoon performs to keep Europe’s skies safe is widely known to all, however people are often less aware about the incredible economic benefits that the programme also brings. The Eurofighter Typhoon programme directly boosts European economies and supports tens of thousands of crucial aerospace jobs – benefiting the communities where we live and work. There is also significant spill over in regions where Eurofighter production lines are located and where the programme often sustains SMEs, start-ups and educational institutions.
Therefore, new Eurofighter Typhoon orders are essential to sustain and retain defence industry production assets in Europe. This will guarantee national and European technological independence and industrial know-how resilience to the core nations over a long period.”
Additional data published in the strategy& report shows that through the whole operational life of a single Eurofighter Typhoon aircraft, the contribution to the four core nations is €407 million of GDP and €100 million of taxes.
