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EADS CEO Sees European Military Cuts Eroding Defense Industry

European Aeronautic, Defence & Space Co. Chief Executive Officer Tom Enders said Europe’s defense industry risks a prolonged erosion, with government spending prospects in home markets bleak for years to come.

“In Europe, we face a decade with no growth and more likely further declines in defense budgets,” Enders said today in Brussels at a European Defence Agency conference. That reality affects industrial planning, he said.