Even the Spanish morning sun couldn’t brighten the mood recently at an Airbus hangar just south of Madrid.
Dirk Hoke, the new chief of Airbus Defence and Space, a division of the Airbus group, had invited his 500 most important employees to the meeting, and many feared the European aeronautics firm was in for more cutbacks.
Instead, Mr. Hoke conveyed a radiant future. The mechanical engineer and former Siemens executive announced a five-year plan with more business in unmanned aircraft, increased digital services and cyber-defense. The division would explore more than 20 new products and expected double-digit growth, he said, particularly in the United States, the world’s largest arms market.