Boeing executives foresee a substantial expansion in Europe over the next decade, driven by rising defense spending in response to the Ukraine war and shifting U.S. policies. During a media briefing at the Paris Air Show, they emphasized collaboration with European firms and identified numerous defense opportunities. Executives highlighted a trend towards European autonomy in defense procurement, as nations respond to perceived threats. This reflects a broader movement towards industrial self-reliance within Europe, while still acknowledging the global nature of the aerospace supply chain.
"We're expecting a very, very significant expansion in the next 10 years, and that is not just across our services business, but across additional programs."
"There is a real threat, and a growing threat on the continent," said Tim Flood, indicating that geopolitical tensions are influencing defense budgets.
"There is a growing need for industrial self-reliance and a growing push for European autonomy, which is driving the way European countries are going to procure."
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