Belgian-Macedonian Business Club

The current conflict with Russian and the American positioning towards Europe offers new growth potential for the Belgian economy.

Currently, Belgium’s core defence industry consists of more than 80 companies, generating an annual turnover of 2 billion euros and employing 5,000 people. When broader defence-related businesses are included, the sector expands to nearly 900 companies, 5 billion euros in revenue and 16,300 jobs. If current trends continue, the sector could generate an additional 8,000 jobs while strengthening Belgium’s position within the European defence landscape.

This is estimated by the Agoria Federation, a group of nearly 2000 technology companies in Belgium. Agoria has also their own technology center Sirris.

Some of the bigger Belgian Defense companies are:

	Revenue US$	Employees
John Cockerill Group	13 000 mio	6 000
FN Herstal	7 821 mio	2 100
Sonaca	679 mio	3 600
ASCO Industries	372,3 mio	1 400
SABCA	216,9 mio	882
Hansen Industrial Transmissions	130,9 mio	522
BMT Aeospace	107,3 mio	560
Safran Aero Boosters	88,8 mio	810

Read the full article at BelgaNews