Military demand to grow amid Asia tensions - Airbus

Airbus Group expects to see growing demand for military aircraft in Asia amid simmering tensions in the South China Sea and other areas. The Asian market for defence and space-related business could grow to about $50 billion a year within the next five years, from $45 billion now, said Christian Scherer, executive vice president for marketing and sales at Airbus Defense & Space, the planemaker's defence unit.

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