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Yahoo
a day ago
- Business
- Yahoo
Paris Air Show goes big on defense amid war concerns
PARIS — The Paris Air Show, the biggest event of its kind by number of exhibitors, will feature significantly more defense themes at this year's edition compared to two years ago, driven by a deteriorating global security situation, the show organizers said. About 45% of the show will be dedicated to defense and security, a 'strong increase' from the previous show in 2023, with the remainder focused on civil aerospace, the general commissioner of the show, Emmanuel Viellard, said at a press briefing here last week by the French Aerospace Industries Association, or Gifas, which runs the event. The week-long show kicks off on Monday. This year's edition of the world's oldest air show comes as Russia's invasion of Ukraine is in its fourth year, and as NATO Secretary General Mark Rutte calls for higher defense budgets to deal with a more dangerous world that includes a threatening Russia and expanding China. European NATO members' spending plans include more drones, air and missile defense and air power. In addition, Israel's strikes on Iranian nuclear and military facilities in the early morning hours of June 13 have diplomats and military officials on edge. 'We are in a much more conflict-ridden environment, with increased attention on security issues, and therefore greater activity in the defense sector compared to what we saw in 2023,' Guillaume Faury, the CEO of Airbus and president of Gifas, said at last week's press briefing. The event is held every two years at Le Bourget Airport north-east of the French capital, with the French commonly referring to the show as the Salon de Bourget. The first Paris edition was held in the heart of the city in 1909, at the time called the Salon de la Locomotion Aérienne. Many industry stakeholders see this year's show as a place to meet military brass, defense ministries and industrial partners 'to discuss security issues and prospects for increased defense spending in Europe.' Faury said. Likewise, national delegations and military representatives expect to be able to meet with 'all the players in this sector' in Paris, he said. NATO has singled out air defense as a priority, with Rutte saying earlier this week alliance members need to boost their air and missile defenses fivefold to counter the threat from Russia. Among this year's Paris Air Show exhibitors, Raytheon will brief visitors on the Patriot surface-to-air missile system, Diehl Defence will present its IRIS-T system, while other air-defense suppliers signed up for the show include pan-European missile maker MBDA and Norway's Kongsberg. Around 200 military delegations will attend the event, according to the organizers. The 2023 edition of the biennial show drew nearly 293,000 visitors, including some 127,000 professionals. This year's edition will feature 2,400 exhibitors, including around 1,110 from France, 450 from the United States, 120 from Italy and around 100 from both the U.K. and Germany, the show runners said. The Paris Air Show will host 83 of the world's top 100 aerospace companies, compared to 57 for the U.K.'s Farnborough Air Show, said Guillaume Bourdeloux, the CEO of the air show. Visitors will be able to see some 150 aircraft, with flying demonstrations of the Dassault Aviation Rafale, the Eurofighter Typhoon and Lockheed Martin's F-35, as well as other aircraft. The French Air and Space Force will display an Airbus A400M military transport at the show, and will operate a temporary air base with air and drone defenses to secure the skies over Le Bourget. The French armed forces exhibit will also include two variants of the Rafale fighter jet including the carrier version, an Airbus Helicopters H225M Caracal tactical transport helicopter and a SAMP/T air defense system fitted with MBDA's Aster missile.
Reuters
03-04-2025
- Business
- Reuters
Aerospace walks tightrope as Airbus-led body calls for tariff response
PARIS, April 3 (Reuters) - France's aerospace industry has written to the European Commission calling for "proportionate and assertive" countermeasures if U.S. tariffs cause significant damage to the key export sector, a person familiar with the matter said. The appeal from the country's powerful Gifas aerospace lobby, whose rotating presidency is held by Airbus ( opens new tab, also calls for any retaliation to be fine-tuned so as to avoid hurting European companies that rely heavily on U.S. imports. Gifas did not respond to a request for comment. The European Commission referred to an earlier statement by its president Ursula von der Leyen, who said the European Union was prepared to respond with countermeasures if talks with Washington failed. President Donald Trump on Wednesday imposed sweepin g tariffs on U.S. imports including 20% on EU goods and 10% on imports from Britain, home to engine maker Rolls-Royce (RR.L), opens new tab. The tone of the letter - juggling retaliation with softening the impact on French importers - reflects France's position at the centre of an interlocking supply chain for jets and engines. France is home to the world's largest planemaker, Toulouse-based Airbus, which competes with U.S. rival Boeing (BA.N), opens new tab for sales in the $150 billion global jet market and has core operations in France, Germany, Spain and non-EU Britain. It also has a role at the heart of the world's largest engine maker by the number of units sold, CFM International, which is co-owned by Safran ( opens new tab and GE Aerospace (GE.N), opens new tab, supplies both Airbus and Boeing, and has mainly stayed below the trade radar during a 50-year history. Airbus is also a major customer of Pratt Whitney, the U.S. engine maker owned by RTX (RTX.N), opens new tab. Aerospace is France's second-biggest exporter after the agri-food sector. Analysts said U.S. airlines would face increased costs as a result of tariffs on Airbus jets delivered from Europe as well as a flow of parts feeding the supply chain for maintenance. With Trump targeting metals and autos in the run-up to Wednesday's announcement, aerospace and airline executives had previously played down the prospect of direct tariffs on jets.
Yahoo
03-04-2025
- Business
- Yahoo
Aerospace walks tightrope as Airbus-led body calls for tariff response
PARIS (Reuters) - France's aerospace industry has written to the European Commission calling for "proportionate and assertive" countermeasures if U.S. tariffs cause significant damage to the key export sector, a person familiar with the matter said. The appeal from the country's powerful Gifas aerospace lobby, whose rotating presidency is held by Airbus, also calls for any retaliation to be fine-tuned so as to avoid hurting European companies that rely heavily on U.S. imports. Gifas did not respond to a request for comment. The European Commission referred to an earlier statement by its president Ursula von der Leyen, who said the European Union was prepared to respond with countermeasures if talks with Washington failed. President Donald Trump on Wednesday imposed sweeping tariffs on U.S. imports including 20% on EU goods and 10% on imports from Britain, home to engine maker Rolls-Royce. The tone of the letter - juggling retaliation with softening the impact on French importers - reflects France's position at the centre of an interlocking supply chain for jets and engines. France is home to the world's largest planemaker, Toulouse-based Airbus, which competes with U.S. rival Boeing for sales in the $150 billion global jet market and has core operations in France, Germany, Spain and non-EU Britain. It also has a role at the heart of the world's largest engine maker by the number of units sold, CFM International, which is co-owned by Safran and GE Aerospace, supplies both Airbus and Boeing, and has mainly stayed below the trade radar during a 50-year history. Airbus is also a major customer of Pratt Whitney, the U.S. engine maker owned by RTX. Aerospace is France's second-biggest exporter after the agri-food sector. Analysts said U.S. airlines would face increased costs as a result of tariffs on Airbus jets delivered from Europe as well as a flow of parts feeding the supply chain for maintenance. With Trump targeting metals and autos in the run-up to Wednesday's announcement, aerospace and airline executives had previously played down the prospect of direct tariffs on jets. Sign in to access your portfolio
