Profitability Measurements of Defense Industry Firms in Greece and the USA
Abstract
Despite the consistently high level of defense expenditures, Greece's defense industrial base (DIB) has not been a major sector of its economy. The reasons for that include the late and limited industrialization of the country, the emphasis on armaments imports, the fierce competition by foreign conglomerates, and the particular characteristics of the defense market itself. Through this thesis, I attempt to address a knowledge gap about the Greek DIB at the company level. To achieve this, I use the 2015-2022 publicly disclosed financial statements of the companies, which are included in the Hellenic Defence Industries Catalogue, as a basis for a ratio analysis. Additionally, I use unsupervised machine learning methods to cluster the companies to specific profiles. This knowledge empowers policy makers to tailor a more efficient development strategy for the sector and can also serve as a benchmark amongst the companies.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 2023
- Accession Number
- AD1225392
Entities
People
- Georgios Katopodis
Organizations
- Naval Postgraduate School