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<HR SIZE="2"><P ALIGN="CENTER"><FONT COLOR="#1f1a17" SIZE="7" FACE="Palatino">
Chapter 26
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<P ALIGN="CENTER"><FONT COLOR="#1f1a17" SIZE="5" FACE="Palatino">
Defense Industry Restructuring and the Implications<BR>
Of the European Security
 and Defense Identity
</FONT></P>
<P ALIGN="CENTER"><FONT COLOR="#1f1a17" SIZE="3" FACE="Palatino">
Dr. Giorgio Zappa<BR>
President of Alenia Aerospazio, a Finmeccanica company
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<BR>
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<P ALIGN="CENTER"><FONT COLOR="#1f1a17" SIZE="3" FACE="Palatino">
<B>CURRENT INSTITUTIONAL INITIATIVES TO REINFORCE <BR>
NATO&#146;S EUROPEAN PILLAR</B>
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<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
<FONT COLOR="#000000" FACE="Palatino" SIZE="7">I</FONT>n Washington and Koln, significant steps have been taken to both adopt
 common security capabilities and work toward stronger cooperation between
 NATO and the EU, which are both committed to enlargement. At the NATO Summit
 in Washington, the Defense Capabilities Initiative was launched as a means
 to ensure the effectiveness of multinational missions in today&#146;s security
 environment. Five areas of focus were identified that resulted in 58 requirements
 across the spec<FONT COLOR="#1f1a17" FACE="Palatino" SIZE="2">trum of NATO operations. Some of these requirements relate
 to the development of European security.</FONT>
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<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
In Europe, several undertakings (the Organization for Joint Armament Cooperation
 [OCCAR] and the signing of a Letter of Intent [LoI] by the six Defense
 Ministers of the main European arms producing countries&#151;Germany, France,
 Spain, Italy, U.K., Sweden&#151;to encourage the industrial restructuring in
 Europe) are close to becoming operational. However, a further political
 push is needed to put into effect an industrial policy aimed at improving
 competitive conditions. But such conditions must not lead to a Fortress
 Europe against a Fortress America. Transatlantic relationships must consist
 of multiple areas of competition, cooperative programs, as well as a continuing
 flow of sub-systems and components from both sides.
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<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
Attention now needs to be focused on the debate about whether EU institutional
 mechanisms should be applied to defense. For example:
</FONT></P>
<UL>
<LI><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
Should we adopt flexible convergence criteria for defense spending like
 the criteria applied to the Monetary Union?
</FONT></LI>
<LI><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
Should strengthened cooperation in some areas of common security be a goal
 of the leading nations?
</FONT></LI>
</UL>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
Attention must also be focused on reducing the number of overlapping competencies
 and organizations in order to avoid any stalling.
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<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
The overall outlook for making European defense effective appears promising.
 A great effort is being made by European governments to adopt measures
 that will facilitate mergers, rationalize demand, and harmonize export
 rules and investment planning. We are looking forward to the Feira European
 Council meeting where we hope further strengthening of European security
 will take place.
</FONT></P>
<P ALIGN="CENTER"><FONT COLOR="#1f1a17" SIZE="3" FACE="Palatino">
<B>FINMECCANICA AND EADS: A EUROPEAN RESPONSE<BR>
TO RESTRUCTURING</B>
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
The topic I am discussing has particular relevance to Italian industry
 following the decision made by Alenia Aeronautica to strategically link
 up in Europe with EADS. This move was intended to open new perspectives
 for integration in Europe and to further opportunities for future industrial
 cooperation.
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
On April 14, Finmeccanica selected the EADS offer to forge an equal partnership
 venture in military aeronautics. This partnership remains open to further
 developments and is responding to the requirements for parity rights<B>,</B> full
 coverage of items, progressive industrial integration in Europe, and autonomous
 decision making within a number of collaborative programs.
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
As a major consequence of the agreement between Alenia Aeronautica and
 three European companies, European restructuring has now moved to the next
 phase. In fact, the remaining players (BAE Systems, EADS, and Alenia Aeronautica)
 are linked in a strong cooperative network and will reinforce European
 industrial capabilities so that we can compete in global markets.
</FONT></P>
<P ALIGN="CENTER"><FONT COLOR="#1f1a17" SIZE="3" FACE="Palatino">
<B>EUROPEAN CONSOLIDATION AND TRANSATLANTIC RELATIONSHIPS</B>
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
The only possible way to build an effective European military capability
 is with a common high-tech industry focused on defense and dual-use technologies.
 Such an industry will also be a useful political tool within the enlarged
 concept of security. This &#147;industrial leg&#148; should be organized in equal
 partnerships that can cooperate and compete on equal footing with U.S.
 companies, following the policy of common transatlantic strategic interests.
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
But how should this common industrial structure be organized for the future?
 To determine this, we should consider the positive EU approach to transnational
 aerospace mergers. However, there is no universally applicable theoretical
 model for mergers; each situation is unique and any solution should be
 based on business experience as well as on specific factors.
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
Mergers appear to be an adequate response to the European need to reduce
 the gap between U.S. and European strength in several critical technologies&#151;technologies
 that are supported in the U.S. by huge government investment in defense
 and dual use. This imbalance must be recognized by the European governments
 in order to reach U.S. levels and to bring about conditions that will enable
 Europe to compete in world markets.
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
To this end, any debate on government ownership should take into account
 that the already limited European government presence does not influence
 the business-oriented way in which private companies are managed. The U.S.
 approach is indirect, but its strategic target is the same: the U.S. government
 has a fundamental role in restructuring, and spends significant amounts
 on procurement and R&amp;D.
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
We should also take into account the point that cooperation with the U.S.
 could evolve. Several European-American cooperative programs already note
 the existence of industrial links with high &#147;European content&#148;:
</FONT></P>
<UL>
<LI><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
The military transport C27J program between Lockheed Martin and Alenia
 Aeronautica
</FONT></LI>
<LI><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
The U.S. attack helicopter Apache program between Boeing and Westland
</FONT></LI>
<LI><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
The missile program MEADS that involves several U.S. and European companies
</FONT></LI>
<LI><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
Possible developments concerning defense systems between Northrop Grumman
 and DASA
</FONT></LI>
</UL>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
I would also like to note the recent pro-European decision made by the
 U.K. on the Meteor, whose international team includes Boeing.
</FONT></P>
<P ALIGN="CENTER"><FONT COLOR="#1f1a17" SIZE="3" FACE="Palatino">
<B>CONCLUDING REMARKS</B>
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
It is my belief that Europe could pursue business opportunities with the
 U.S. based on a more balanced partnership regarding industrial and technological
 involvement. A strong Europe will be a better partner to a strong America,
 and therefore reinforce transatlantic relations.
</FONT></P>
<P ALIGN="LEFT"><FONT COLOR="#1f1a17" SIZE="2" FACE="Palatino">
To implement cooperation, a more flexible approach is needed, one that
 will enable all partners to share technologies and sensitive product information
 as well as have direct access to both U.S. and EU markets based on reciprocity.
 Positive signals are already coming from the U.S. aimed at easing controls
 on technology and information transfers, and are reflected in the U.S./U.K.
 declaration of principles on military cooperation. But in order to play
 a greater role in security and to increase real military capacity, Europe
 must establish harmonized measures, backed by a strong commitment by its
 governments. This means establishing an equitable European playing field
 on which we work to recognize national technological capabilities and to
 identify each partner&#146;s fields of excellence. This will require equitable
 solutions that take into account the strengths of each country. It may
 also require a gradual approach in which national identities coexist in
 a larger European framework in order to satisfy specific requirements that
 are part of the institutional demands of each country.
</FONT></P>
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