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Life in Mars Mission and Life in Aerospace: Siemens CEO

Tuesday, 10 Jul 2012 | 3:45 AM ET

Siegfried Russwurm, the CEO of Siemens Industry, told CNBC that despite the China slowdown, weakening demand for technology and the global economic crisis, there is longevity in the aeronautical industry. "We strongly believe that the aerospace industry is a growing vertical in the long-run. It may be bumpy every now and then but in the long-run, growth potential is there."