The Traderszone Network

Published in TZ Latest News 15 September, 2014 by The TZ Newswire Staff

Airbus to sell business units in defense and space review

BERLIN/PARIS (Reuters) – Airbus Group unveiled plans on Tuesday to sell half a dozen business units with combined revenues of around two billion euros as it focuses its Defence and Space division on warplanes, missiles, launchers and satellites. Announcing the results of a portfolio review, Europe’s largest aerospace group signalled a break with previous efforts to diversify into security activities and a halt to investment in defence electronics, in which it lacks the scale of rivals.

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