European Rearmament Should Avoid US Firms: Airbus [Barron's]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Barrons
"If we spend extra money for defence on products off the shelf from the USA, we are cementing our dependence on others," Michael Schoellhorn, the head of Airbus Defence and Space, said in an interview with Germany's Augsburger Allgemeine newspaper. "The Danes are seeing right now that this might not be such a great idea, if they ever needed to defend Greenland with their American F-35 jets," he added. US President Donald Trump has indicated his designs on the territory of NATO ally Denmark, telling Congress on Tuesday that the US would secure Greenland "one way or the other." That and other suggestions that European security is no longer a priority for the US, including moves to open direct talks with Russia over an end to the war in Ukraine, have prompted a renewed focus on defence from European governments. Germany's likely next chancellor Friedrich Merz announced plans Tuesday to partially exempt defence funds from rules that limit new government debt, paving the way for a
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