Prime Minister Luís Montenegro has urged Portuguese businesses to invest in the defense industry and weapons production in Portugal. He spoke about the importance of Portugal producing its own defense equipment at the European Council meeting in Budapest.
Montenegro said this will include making weapons, ammunition, and other key materials. His call for investment comes as European leaders seek ways to make Europe safer and more independent.
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PM Montenegro Defends Weapons Production In Portugal
Montenegro highlighted how recent events have shown Europe’s need for greater security. The ongoing conflict in Ukraine and other global tensions have raised concerns. These events remind Europe that it cannot always rely on others for help. Montenegro’s argument is simple. If Portugal does not make defense products it will need to buy them from another European country.
The prime minister’s message reflects a change in Portugal’s approach to security. The country has relied on allies for defense supplies for years. But now Montenegro believes Portugal should be more self reliant. He explained that producing these items locally is not about preparing for war.
He described it as a policy of deterrence. This strategy aims to prevent conflicts by showing potential threats that Europe is well-prepared.
Montenegro said
I know we’re not used to talking about this so clearly in Portugal, but if weapons and ammunition are not produced in Portugal, they will be produced in another European country and we will pay for the purchase of those weapons and ammunition, both within the EU and NATO (North Atlantic Treaty Organization).
He noted that Portugal is not used to talking about weapons production in such clear terms. But he believes this shift is necessary for Portugal’s long term security. If Portugal can produce its own weapons and equipment then it can avoid the high costs of buying from other nations. It also allows the country to be less dependent on foreign suppliers.
The Prime Minister explained:
I am not making a warmongering appeal that the Portuguese state now wants to go to war, no. If we in Europe are oblivious to this movement, in order to feel safe we will need to turn to someone outside ourselves to guarantee that safety
The Budapest Declaration And Opportunity For Portuguese Businesses
Montenegro also sees this as an opportunity for Portuguese businesses. He encouraged entrepreneurs to see the potential in the defense industry which includes more than just weapons. Research, technology, and even textiles are part of the sector. For instance, local companies can produce uniforms, body armor, or advanced technology for communication.
Montenegro said:
From technology research, equipment, even from the point of view of the textile industry, to weapons and ammunition, we must take advantage of our potential
He said this industry will open many doors for Portuguese businesses, create jobs, and drive economic growth. Montenegro’s vision aligns with the goals set out in the Budapest Declaration. This agreement was signed by European leaders and it emphasizes the need to increase Europe’s defense readiness and capabilities. The EU wants to be less dependent on other countries for its security in uncertain times.
He said:
We are going to have to increase investment and it is, I believe, opportune that we can increase defence investment (…) to leverage more jobs (…) and that is what I basically want to signal to Portuguese entrepreneurs, so that they look at the opportunities that the defence area is opening up
European countries can be more prepared for potential threats by producing their own equipment. The agreement also calls for both public and private investments in the defense sector. European leaders want to ensure that EU member states can protect themselves without relying on outside help.
Europe’s Defense Investment Plan For Businesses
The EU has identified a need for extensive investment to meet its defense goals. Estimates suggest that Europe will need around 500 billion euros for defense over the next decade. This number highlights the scale of the project and the resources it will require.
The EU plans to support this investment by providing funding options for defense projects. The Budapest Declaration calls on EU leaders to develop these funding sources quickly. With both public and private investment, Europe can build a stronger defense sector that benefits all member countries.
Montenegro has asked Portuguese companies to consider reinvesting in the defense sector. He suggested that some businesses might need to change their focus or adapt their products to fit defense needs. For example, a technology company can look at producing equipment used in military communication, or a textile company can create specialized uniforms.
Montenegro believes the benefits will be worth it. Defense investment will lead to more stable jobs and opportunities across Portugal. It would also create a new industry that contributes to both national and European security. The prime minister believes this will strengthen Portugal’s economy and increase its international standing.
Global events like the conflict in Ukraine have shown the risks of relying on outside help for security. By developing its own defense capabilities, Portugal can contribute to NATO goals and strengthen the EU. This approach also aligns with recent efforts to create a more resilient Europe.
