Financial Times FT.com

Jet fighters: US and European suppliers target fresh markets

By Raymond Colitt

Published: July 19 2004 05:00 | Last updated: July 19 2004 05:00

With defence budgets for jet fighters coming under increasing scrutiny in Europe and the US, aircraft manufacturers are looking for other markets.

Ake Svensson, chief executive of Saab AB, during the company's general assembly earlier this year, expressed "concern by what has happened in the last year, as the Swedish defence has reduced its allocations for development orders. It has meant fewer resources for research and development and that means fewer new products and systems get developed".

Aerospace 2004

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