AEROSPACE & DEFENSE
From Times Staff and Wire Reports
EC, U.S. Fail to Resolve Aircraft Subsidies Dispute: The European Community and the United States failed to agree on the circumstances under which they should allow state subsidies to the aircraft industry, EC officials said. “These are difficult negotiations,” one EC official said after two days of talks centered on a long-running dispute between Washington and Brussels over EC subsidies for the Airbus. The negotiations are set to resume in Washington the week of Feb. 17. Washington has accused EC members of pumping millions of dollars into Airbus Industrie, allowing it to undercut U.S. rivals Boeing Co and McDonnell Douglas Corp. Brussels retorted that U.S. manufacturers benefit from even more help in defense and research programs.
