Fixing Europe's Fractured Defense Industry
At long last, Europe is taking a fledgling step toward changing the way its coddled arms makers do business. After a year of negotiations, France, Germany, Britain, and Italy launched a common arms procurement agency, the Organization for Common Cooperation in Armaments (OCCAR) in mid-November. The Bonn-based agency aims to eliminate the costly duplication in Europe's defense research and development and award contracts for Europe's next generation of weapons systems to the most competitive bidders.
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