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Airbus CEO Faury calls for EU defense, space consolidation

By Nicholas Hirst ( November 29, 2024, 15:19 GMT | Insight) -- Consolidating supply and demand in Europe's defense and space sectors is an essential step to ensure a cutting-edge and competitive industry, according to the CEO of Airbus. Guillaume Faury said national capitals need to accept mergers between national players, and called on the European Commission to take a global view of competition when reviewing deals.Fragmented European defense and space sectors risk a “fast agony of decline” unless national capitals consolidate their demands, encourage mergers and slash un-necessary regulation, according to the head of Airbus. ...

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