**Brussels**: Airbus is engaging with European nations over defence and space orders, revealing optimism in growth potential amid rising investments in these sectors. Executives address trade tensions and the implications of tariffs on the aerospace industry, stressing the need for careful assessment of their effects.
Airbus is currently engaging in dialogue with various European nations regarding upcoming defence and space orders, reflecting a broader trend of increased spending in these sectors across the continent. Senior executives from the aerospace giant shared insights during a company event held on Monday.
Michael Schoellhorn, the CEO of Airbus Defence and Space, expressed optimism about the potential for growth in both space and air business within Europe. Speaking to reporters, he stated, “I think you’re … going to see a lot of space and air business come now; what ‘a lot’ is I will not quantify.” This statement underscores the strategic interest among European governments in expanding their capabilities in space, particularly in light of the desire to develop alternatives to existing systems, including Elon Musk’s Starlink. Additionally, there is an ongoing interest in acquiring aerospace assets for strategic airlift operations.
Christian Scherer, who leads Airbus’ civil aircraft sector, commented on the implications of trade tensions affecting the aerospace industry. He cautioned that while any imposition of tariffs on aerospace products could have detrimental effects, particularly on suppliers, it remains premature to ascertain the full impact of the recent trade confrontations among nations. “We need to understand what the tariffs are before we can draw conclusions, whether it’s for us, for our suppliers – for whom we would be worried – or for our competitors,” Scherer remarked.
As Europe continues to navigate the complexities of defence and aerospace procurement, Airbus is positioned as a significant player in these discussions, reflecting the shifting landscape of military and space technology investments on the continent.
Source: Noah Wire Services
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