While the defence sector has so far been spared the immediate and severe effects of COVID-19 currently wreaking havoc in the commercial sector, it has not escaped unscathed with production lines and supply chains disrupted. Previous global crises suggest that the pain for the defence industry will come later as the full economic and fiscal ramifications manifest themselves in government budgetary policy around the world. What effect has the COVID-19 crisis had on the defence sector to date, and what impact will it have in the coming years? |