Europe will have to buy its next fighter jet from the US or Asia if it does not invest in its own defence industry and allow sector consolidation, the chief executive of the continent’s biggest defence and aerospace company has warned.
Tom Enders, chief executive of EADS, said European leaders meeting at a Brussels defence summit next week needed to commit money and agree a timeline for developing and building a military drone if Europe was to narrow the wide gap with the US and Israel.
He said European politicians must decide how important having a defence industry was to them.
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