Tamzin Booth

2 weeks ago | observer.co.uk | Tamzin Booth

With US support for Nato waning, Britain’s influential arms companies are eagerly anticipating a shower of treasure from soaring European military budgets Two decades ago, BAE Systems, the world’s sixth-largest defence supplier, jettisoned its 20% stake in Airbus, a European aerospace champion, in a drastic step later explained by its then boss Mike Turner in stark terms: “I saw no future in [Europe]. I just didn’t see Europe as committed to defence expenditure.