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  • Saturday, April 20, 2024

Report: Airbus Seeks Majority Stake of MBDA


MissileDefenseAirbus wants to buy Finmeccanica’s 25 percent share of European missile company MBDA, Reuters reported Monday.

Airbus plans to bolster its 37.5 percent stake at MBDA after Finmeccanica announced sale of its share, Alexandre Boksenbaum-Granier and Valentina Za report, citing a report from Britain’s Sunday Times.

Analysts estimate Finmeccanica’s MBDA stake to be worth nearly $793 million, according to the report.

BAE Systems also owns 37.5 percent of MBDA.

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