Europe Is Losing The Weapons Shoot Out

On June 11, the world's arms merchants will gather for the Paris Air Show to parade their latest weaponry. But in the chalets that ring the airfields, European defense executives will probably be contemplating the future of their business with a lot less optimism than their American counterparts. Not only are Europeans losing sales to stronger U.S. rivals, but they also disagree on how to integrate their splintered defense industries to counter America's threat.

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