Europe needs to invest more in defence production, Airbus CEO says

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Frankfurter Allgemeine Zeitung News

Guillaume Faury,Europe,Production Capacity

Europe must work more closely on defence projects and raise investment in production capacity, the chief executive of Airbus told a German newspaper...

FRANKFURT - Europe must work more closely on defence projects and raise investment in production capacity, the chief executive of Airbus told a German newspaper.

"There is too little investment in production capacities here and in the end quickly available armaments are procured in the United States," he said. "Politicians should not only look at how they can cover their needs in the short term." "It is conceivable, for example, to consider standardising the IT systems for FCAS and GCAP at some point," said Faury, adding this would ensure interoperability at a NATO level.Beware the retirement savings 'time bomb,' tax expert warnsFuture retirees can use the RRSP to save for retirement and be financially secure with the help of a Dividend King and dividend pioneer.

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