Airbus announced Tuesday plans to sell several subsidiaries from its defence division to focus on its core businesses of space activities, military planes and missiles, according to media reports.
"Some business areas are identified as divestment candidates as they do not fit the strategic goals," the company said in a statement, citing budget troubles among key state clients.
According to AFP, these include communications businesses such as commercial satellite activities "which will have better chances for growth and market success in different ownership structures".
Airbus cited specific units that would go on the auction block including Fairchild Controls, Rostock System-Technik, AvDef and Atlas Elektronik.
It said "further industrial alternatives" for its Security and Defence Electronics businesses would be explored. The company did not give a timeframe for the restructuring, the report said.
The head of the Airbus Defence and Space division, Bernhard Gerwert, said that the "tight budgetary situation in our home countries and increasing competition on global markets" had prompted the shift.
The restructuring will strengthen the company "particularly on critically important international growth markets", he added.
Romania and Airbus have signed a Memorandum of Understanding (MOU) to improve production capabilities for the Super Puma MK1 helicopter Wednesday, Airbus said in a statement. “The trust placed by Romania in Airbus Helicopters is more than reciprocated, and I hope that the investments we have made, and will continue to make, in Romania do demonstrate this to you today”, said Airbus Helicopters President, Guillaume Faury
Airbus Defence and Space has announced that the Zephyr 7 High Altitude Pseudo-Satellite (HAPS) has just completed its most demanding mission to date and thus set a new benchmark in persistent, year-round operations for this class of Unmanned Aerial Systems (UAS). The test consisted of over 11 days of non-stop flight, in winter weather conditions with a new primary payload, including flight controlled through satellite communications – three more benchmarks reached by Zephyr 7, acccording to an official statement
Airbus Defence and Space has won a contract from Indonesia to provide its Air Force with the latest aircraft identification and air surveillance equipment, thus improving the air traffic control and air defence capabilities over the country's more than 15,000 islands. The company has been awarded a contract by SBL Star Technology Pte Ltd
Airbus has delivered the last of nine P-3 Orion anti-submarine warfare (ASW) aircrafts to Brazilian Air Force. The nine aircrafts were acquired by the FAB from the US Navy in 2006, along with three more to be dismantled for spares, and were upgraded at facilities in Seville and Getafe, near Madrid
Airbus will deliver three Airbus C295 search and rescue (SAR) aircraft to Brazil by year end. The contract involves a five-year full in service support
Two specially-equipped EC145 helicopters will be delivered for air ambulance service operations in Moscow according to terms of the state tender for the contract. Airbus won a contract to supply two medical helicopters for the Russian health departments Scientific and Practical Center of Emergency Medicine
Atlas Elektronik UK (AEUK) has a won £48 million (US$62.2 million) contract for the supply and support of Common Workboats for the UKs Ministry of Defence (MoD) over a six-year period
Airbus has delivered the 18th HC-144A Ocean Sentry maritime patrol aircraft to the US Coast Guard, the company said in a statement. The Ocean Sentry is based on the Airbus CN235 tactical airlifter with more than 235 currently in operation by 29 countries
The Indian MOD should provide a list of state-of-the-art technologies where foreign direct investment (FDI) of more than 49% can be considered, CEO of Airbus Defence & Space India, Peter Gutsmiedl said. Gutsmiedl was speaking at a discussion on the defence procurement procedure (DPP) of the MoD which was recently modified to increase FDI from 26% to 49%
AgustaWestland is sueing the U.S
PP-2000 Submachine Guns To Replace Kalashnikov Rifles In Russian Pilots’ Survival Kits
Export Version of Il-112V Transport Aircraft to Debut at MAKS 2019
Russia to Unveil Su-57E Stealth Fighter at MAKS 2019
Taiwan Targets China's Drone Export Market With Two New Drones
Elbit Systems Pitches For Lockheed Martin F-21 Jet Project in India
India's First Beyond Visual Range Air-to-Air Missile Ready
Japan Launches “Haguro” Guided Missile Destroyer
Russian AF to Receive Upgrade Su-30SM Jet with Engine from Su-35 Fighter...
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...