Contents: Strategic Issues: The world aerospace industry: from internationalisation to globalization, Keith Hayward; Widening the scope of aerospace collaboration: consolidation and cooperation, Carmelo Cosentino; Europe vs. America: strategic trade in civil aeronautics; The US drive for aeronautical supremacy, David W. Thornton; Civil/Defence linkage in aerospace: the political significance of a strategic industry. The European Challenge: The European response to globalization, Adolf Revuelta; The role of the EU as a catalyser for the integration of the aerospace industry in Europe, Helmut Schmitt von Sydow; Consolidation in European aerospace: a UK perspective, Robert Whitfield; The European response to the challenge of American aerospace consolidation in civil aeronautics, Michel Bieler; Meeting the challenge: the emergence of airbus as a single company, Peter Bruce; Integration and consolidation in European military and civil aerospace: an urgent task, Horst Prem. Project Case Studies: Can FLA bring about a new approach to defence procurement in Europe, Iain G. Gray; Eurofighter: the new challenge of collaboration in military aerospace, Air Vice-Marshall Peter Norriss. Technology Development Issues: The strategic significance of R&T strategy; Beyond technology foresight: European aerospace research and technology in the 21st century; Propulsion research and technology: the power to compete, Mike J. Goulette and Group Captain J.K. Newton; A new perspective on aeronautics R&T for Europe, Dieter Schmitt; Technology diffusion and globalization in civil aeronautics, Steven McGuire.