PARIS: Airbus' defense division is looking for new partners to expand its presence in the growing U.S. space market, and could potentially build components for a lunar program there, Airbus Defense and Space Chief Executive Dirk Hoke told Reuters.
"We're also looking for new partners, with whom we could expand our footprint in the U.S.," he said."We have some very good products and systems so it's worthwhile to look at what we can do beyond what we do currently in Europe." The company, which builds satellites and works with France's Safran to build rocket launchers, now hopes the projected"new space" economy, which experts say could be worth US$1 trillion a year, could give it another shot at a bigger U.S. role.
Failing to take action and jump start new research and development program would leave Europe"in the second and third row position," he said, noting that it would also cause a brain drain of top talent.
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US: Nasdaq leads US stocks higher ahead of Federal Reserve[NEW YORK] Wall Street stocks advanced Monday ahead of a highly-anticipated Federal Reserve meeting, with a big gain in Facebook boosting the Nasdaq. Read more at The Business Times.
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