Two Spanish soldiers look down the sights of an anti-aircraft battery equipped with Mistral ground-to-air missiles at a demonstration at Zaragoza air base, northern Spain, during an eight-nation military air exercise in this picture taken June 12, 2013. REUTERS/Adrian Croft
BRUSSELS (Reuters) - Europe's defence industry is under threat unless the continent tackles a worrying drop in spending on research and technology, the new chief executive of the European Defence Agency said on Wednesday.
Many European governments have cut spending on defence and related research and development since the 2008 financial crisis, squeezing defence contractors. Only now, with the Ukraine conflict stoking tensions, are some governments pledging to spend more on defence.
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