European defence industry nearing crisis, report warns

Europe's ability to develop next-generation combat aircraft has been dangerously eroded, and will reach "a point of no return" unless collaborative funding decisions are made soon, a new industry study warns. Commissioned by the European Defence Agency (EDA), the Future Air Systems for Europe (FAS4Europe) group study says "the situation for future air systems is severe, with some important industrial capabilities and technologies already at risk".

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