Airbus seeks new partners to expand in US space market

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Airbus' defense division is looking for new partners to expand its presence in the growing U.S. space market, and could potentially build ...

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »