Financial Times FT.com

EU poised to increase competition in military contracts this year

By George Parker in Brussels

Published: March 29 2005 03:00 | Last updated: March 29 2005 03:00

Defence ministers are set to take the first steps towards opening up Europe's €30bn ($39bn, £21bn) annual military equipment market to cross-border competition, it was claimed at the weekend.

Nick Witney, head of the new European Defence Agency, believes ministers will agree to a new code to increase competition in the autumn.

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