Airbus to sell defence electronics business: Buyer to be finalised by December end

The Airbus Group is selling its defence electronics in Germany and said a deal can be expected before the end of December 2015 as it will be finalising the buyer in a few days. According to strategy chief of Airbus, Marwan Lahoud, half a dozen candidates have been shortlisted for the final selection. The sale is part of its divestment plan to focus more on civil and military aeronautical and space assets, as defence spending is dwindling in Europe.

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