business π‘οΈ Europe's defense champs are teaming up
France opted for a Safran and MBDA consortium instead of the HIMARS system at the Eurosatory defense expo. This move signals a push towards European defense sovereignty amidst shifting US security priorities. While FCAS faced setbacks, industry leaders recognize that no single state can afford next-gen tech alone. MBDA is leading the HYDIS2dp consortium, involving 28 partners from 18 countries for hypersonic defense. Furthermore, the EIB approved a β¬3 billion loan for Airbus's continental R&D.