Reuters cites the Atlantic Council for hosting an event with Airbus Group Chief Executive Officer Tom Enders:

Concerns about Russia’s actions in Ukraine could halt a decade-long decline in European military spending, Airbus Group Chief Executive Officer Tom Enders said Wednesday, as he also underscored concerns about growing Chinese military exports.

Enders told industry executives at the Atlantic Council, a Washington-based think tank, that Europe’s defense market remained fragmented, inefficient and unable to execute multinational programs.

But he said he saw promise in recent efforts by European leaders to better coordinate, and said the crisis in Ukraine had already prompted Poland and other countries in eastern Europe to increase their military budgets.

Read the full article here.