Strategy& at Munich Security Conference 2026

Why It Matters

The emphasis on resilience and execution at MSC 2026 signals a pivotal shift in European defense strategy, influencing investment flows and shaping security policies across the continent.

Key Takeaways

• Resilience dominates European defense discourse at MSC 2026.
• Europe entering a new era of defense capabilities.
• Investor interest in space sector surges, sustainability questioned.
• Policy‑practice gap hampers implementation of defense strategies across Europe.
• Munich Security Conference crucial for sharing best practices.

Summary

At the 2026 Munich Security Conference, Strategy& highlighted Europe’s shifting defense posture, emphasizing resilience as the dominant theme among policymakers and industry leaders. Speakers noted that the continent is embarking on a new era of defense capabilities, driven by heightened geopolitical tensions and a surge in strategic investments.

The forum underscored three core insights: resilience is now the top priority; the space sector is attracting unprecedented investor interest, though its long-term sustainability remains uncertain; and a persistent gap between policy formulation and practical execution hampers progress. Participants argued that paper strategies alone are insufficient without concrete implementation mechanisms.

Memorable remarks included, “Resilience, resilience and resilience,” and the observation that “space now commands unprecedented interest for investors.” The speakers also warned that “having strategies on paper is not enough,” stressing the need for actionable steps and shared best practices.

The implications are clear: European security will depend on translating policy into operational capability, fostering cross-border collaboration, and ensuring that the influx of capital into defense and space translates into durable, strategic outcomes.

Original Description

As geopolitical tensions rise and uncertainty grows, the Munich Security Conference stands as a vital platform for shaping global security and resilience. In this context, PwC and Strategy& were back at MSC – once again at the center of the conversation. Building on last year’s engagement, we hosted a series of engaging discussions and interactive formats in the PwC and Strategy& Lounge, located just outside the security perimeter. Our focus covered the full range of today’s security challenges – from defense innovation and market strategies to geopolitical tensions, trade dynamics, cybersecurity, and resilience.