The defense area can see the changed policy policy around the world, especially in Europe where we witnessed a scale of spending years. What kind of investment trajectory are you trying for emea? How long is this growth runway lasting?
Benjamin Green: In Europe, for the past two to three years from invasion of Ukraine, we have established our defenses again. We know that Europe should be able to go and provide support to Ukraine. But what is the reason for the sector in the last six months to go to paripolic is that Europe wakes the fact that we enter a decade of hard power. Europe is as a region with a history that depends very dependent on soft power and as a result, we only allow our Based on the defense industry To get to a very exhausted level if it’s around surgical surgery, if it’s around inventory.
The true trigger we have here in Europe is not invited to initial negotiations in peace between the US and Russia about Ukraine. And that is the event, knowing that we are not only distressed as a threat or power of negotiation. What we saw since most of European countries now disguised to inform the higher degree of defense spending and that is going to be at the end of June.
So, at the end of June, we have The leaders of the NATO Summit to go to Hague in Europe. We can see the Alliance with NATO informing GDP as a target for spending defense plus 1.5% of defense-related items, that’s the infrastructure. So, just put that in numbers for you against the end of 2020 falls to be an additional $ 370 billion investments in Europe when we go to 3.5%.
The second thing to remember is that we need to spend more defense spending equipment. Germany spends approximately 8 to 9 billion euros in actual equipment in 2021. We think that will be 60 billion euros at the end of this decade. I hope the numbers give you some ideas about the 10-year growth of growth we see in Europe. We find it as a more structured end market especially in Europe. But all over the world, we entered a decade of power healing in force.
Aerospace is a sector of a technology intersection, movement, and global trade too. What are the main trends you track within this sector and the post Covid Recovery has never been or show some fatigue?
Benjamin Green: In the commercial aerospace sector, the demand environment is pretty healthy, people want to travel – be it in europe, america, and also countries like india and china where growth is far more significant than what we have in my home country of the uk, but the travel demand is clearly there. Our struggling with Covid’s exit is the supply chain. The supply chain turns 9 to 10 questions I have to deal with in the past three to four years. How do things do? How do we get better from pandemic? I think we are actually at a point now where the Chain chain performance is very good. Things are usually delivered in time. There are a number of small idiosyncratic items that have been delayed, weighing deliveries in some places, but in real way of reaching the sector is the most macacomics. Last week US eliminates CFM Leap-1C Chinese machines. The Company Company I covered is to pay Tariff export equipment to their facilities from the US. These are tariffs and licenses and national security that has become large talking in the commercial aerospace industry. But from a sight of the cycle, the supply chain is good, the need is good. The sight for that sector is very positive.
