Airbus Group has reached agreement with global investment firm, KKR, to sell its defence electronics business (Defence Electronics).
Defence electronics is a global provider of mission-critical sensors, integrated systems and services for premium defence and security applications based in Ulm, Germany. The move is part of a portfolio reorganisation announced by the Airbus Defence and Space Division in September 2014. The transaction is expected to close in the first quarter of next year and…
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