EU aerospace and defence firms plead for government funding - by David Gow
Europe's aerospace and defence industries today urged the EU and national governments to boost spending on research and development and provide loans for distressed suppliers. The call, from the Aerospace and Defence Industries Association (ASD), the pan-European trade lobby, comes as airlines are cancelling or postponing orders for new planes, cutting thousands of staff and preparing for a 12% fall in revenues.Contractors point to US federal support for military development and Airbus chief warns credit squeeze is choking aircraft sales
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