- Airbus (OTCPK:EADSY -0.6%) CEO Fabrice Bregier lashed out at the German government this morning for its restrictive export policy on defense goods, saying it could prevent international partners from cooperating on future defense projects.
- "While there are lofty speeches being made that talk about more cooperation and consolidation in European defense, the axe is being swung at decades of Franco-German cooperation," says Bregier.
- Previously, French paper Les Echos reported that Germany was blocking a contract for MBDA to supply a Gulf state with the Milan ER anti-tank missile.
- Shareholders in MBDA include, Airbus, BAE Systems (OTCPK:BAESF) and Finmeccanica (OTCPK:FINMF).