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Paris Air Show 2013: Selex CEO argues for common defence policy

16th June 2013 - 13:29 GMT | by Jonathan Tringham in London

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As speculation regarding potential mergers is mounting ahead of the Paris Air Show, one industry player believes that a common defence policy first needs to be established.

European defence companies are faced with the pressing need to rationalise chronic over-capacity in the face of free-falling budgets.

Selex ES CEO Fabrizio Giulianini argued while industry rationalisation was needed, it could only come about if Europe can overcome the political in-fighting that killed off merge negotiations between BAE and EADS at the final hurdle last year.

The proposed €35bn (£25bn) merger was blocked by German Chancellor Angela Merkel, once plans to establish

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