Europe's aerospace and defense industry finds itself experiencing mixed blessings at this point in time--a strong business and a raft of headaches to accompany this state. On the one hand, civil order books are booming and companies are building record backlogs. On the other hand, structural hurdles abound, such as the dwindling value of the dollar and emerging rivals in Asia. Charles Edelstenne, in his capacity as chairman and CEO of Dassault Aviation and as an advocate for the European ...


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