The Covid-19 health and related economic crises did not leave any sector of the economy unharmed. Although it may not be the first in line, the defence industry has also been impacted. This paper explores the various impacts of the Covid-19 on the defence industry in Europe, both on the short and long-term dimensions. After exploring the immediate and longer-term impacts of the crisis for the defence industry, the paper concludes by discussing whether the crisis could be an opportunity for further European armament cooperation. This IRSEM publication is based on Dr Béraud-Sudreau’s personal research and does not relate to the SIPRI databases or annual data launches.