MBDA in Talks with Safran Over Roxel Takeover, La Tribune Reports
--MBDA, a missile-making joint venture with France's Airbus, the U.K.'s BAE Systems and Italy's Leonardo, is in talks with Safran to buy its 50% stake in tactical propulsion systems maker Roxel and take control of the Anglo-French group, French weekly La Tribune reports.
--Roxel, founded in 2003 by the merging of Celerg of France and Royal Ordnance Rocket Motors of the U.K., is equally owned by Safran and MBDA. Buying Safran's stake and taking control of the group would enable MBDA to expedite production rates at a time of strong demand for defense equipment, La Tribune reports.
--MBDA, Safran and Roxel didn't immediately respond to requests for comment.
Full story in French: https://shorturl.at/inSvZ
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
September 09, 2024 07:47 ET (11:47 GMT)
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