Related News
Airbus to simplify via units sale
AIRBUS Group has unveiled plans to sell half a dozen businesses with combined annual revenues of 2 billion euros (US$2.6 billion), simplifying its defense and space division to focus on warplanes, missiles, launchers and satellites.
Announcing the results of a portfolio review, Europe’s largest aerospace group signaled a break with previous efforts to diversify into security activities and a halt to investment in defense electronics, in which it lacks the scale of rivals.
Europe’s defense industry is struggling as cash-strapped governments cut back on military spending. EADS, later renamed Airbus, responded in 2012 by trying to merge with Britain’s BAE Systems, but the deal was blocked by Germany.
That, coupled with the stronger-than-expected growth of its jetliner business, led Airbus to drop a previous goal of having broadly balanced revenues from its commercial and defense arms, and reassess its defense and space activities.
The group said yesterday that it would sell its Professional Mobile Radio secure communications assets and confirmed plans to sell a 49 percent stake in submarine supplier Atlas Elektronik, unwinding two efforts at diversification started nine years ago. It said it would also consider selling other commercial and non-government satellite communications activities.
Also for sale are systems and software company ESG and three smaller units: US-based Fairchild Controls, German cabin simulator maker Rostock System-Technik and AvDef, a small aviation firm in France that trains fighter pilots.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.