The Traderszone Network

Published in TZ Latest News 7 January, 2016 by The TZ Newswire Staff

Airbus defense asset sale ‘progressing well’: strategy chief

Airbus Group (AIR.PA) is making good progress in the sale of its defense electronics activities, a top executive said on Thursday. In December, Airbus Group said it was on the verge of selecting a final candidate and expected a decision by the end of the month. “It is progressing well,” Chief Strategy and Marketing Officer Marwan Lahoud, who is in charge of the negotiations, told Reuters when asked if a deal had been reached.