PARIS - US arms makers say European demand for fighter jets, missile defences and other weapons is growing fast amid heightened concerns about Russia and Iran.
"Two Paris air shows ago, there weren't a lot of orders," said Rick Edwards, who heads Lockheed's international division."Now ... our fastest growth market for Lockheed Martin in the world is Europe." Industry executives and government officials say growing concern about Iran's missile development programme is another key factor. Teheran's downing of a US drone came late in the air show, but executives said it would support further demand.
Edwards and other executives say they see no impact from the ongoing trade disputes between US President Donald Trump and the European Union. Ralph Acaba, president of Raytheon Co's's Integrated Defense Systems business, said the company was boosting automation and working to deliver the Patriot missile system and other weapons in half the five-year period previously typical.
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