Olivier Zarrouati, who leads the equipment manufacturing group of the French aerospace association, Gifas, says the country’s A&D supply chain is entering a new phase. But with a fluctuating euro/dollar exchange rate, rising raw-materials costs and emerging global competition, he says French suppliers must continue diversifying to maintain their foothold in major international programs.
"It would be very tempting for a government that comes into the cockpit with very little money to cut expenses. But that’s a scenario we need to avoid."
In next week’s Aviation Week & Space Technology, Zarrouati talks to Paris Bureau Chief Amy Svitak about the impact the new French administration will have on A&D budgets in France, and the biggest challenges the country’s aerospace industry faces over the next ten years.
Digital subscribers can read the interview online later today.