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Thursday, March 19, 2015

Airbus Says Military Demand to Grow Amid Asia Tensions

Airbus A400MAirbus Group NV 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 defense 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 defense unit.

About 43 percent of the current market is for aircraft, he said.

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