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As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

airbus group nv - unsp adr (EADSY) Key Developments

Airbus To Sell Business Units In Defense And Space

Airbus Group N.V. (ENXTPA:AIR) plans to sell dozen business units with combined annual revenues of around €2 billion. It would sell its Professional Mobile Radio secure communications assets and 49% stake in ATLAS ELEKTRONIK GmbH. It would also consider selling other commercial and non-governmental satellite communications activities, ESG Elektroniksystem- und Logistik-GmbH, Fairchild Controls Corporation, Rst Rostock System-Technik Gmbh and Aviation Defence Service - AVDEF. Bernhard Gerwert, head of the Defence & Space business, said: “We came to the conclusion that our division must focus on the following core businesses: Space, Military Aircraft, Missiles, and related Systems and Services. These are the key areas in which we will further invest to strengthen our leading position."

ThyssenKrupp Eyes 49% Stake In ATLAS ELEKTRONIK

ThyssenKrupp AG (XTRA:TKA) intends to initiate discussions with Airbus Group N.V. (ENXTPA:AIR) regarding acquiring a 49% stake in ATLAS ELEKTRONIK GmbH. Heinrich Hiesinger, Chief Executive Officer of ThyssenKrupp said: "We will initiate talks with Airbus about its stake in Atlas in order to find an optimal solution."

Rheinmetall Reportedly Eyes KMW Or ThyssenKrupp Marine

Rheinmetall AG (DB:RHM) intends to acquire Krauss-Maffei Wegmann GmbH & Co. KG (KMW) and submarine business of ThyssenKrupp AG (XTRA:TKA), Handelsblatt said citing unnamed company sources. To help finance the deal, Rheinmetall could sell its automotive division KSPG AG to ThyssenKrupp, the paper also said. An industry source said ThyssenKrupp was understood to be ready to talk about selling ThyssenKrupp Marine Systems GmbH. In exchange, Rheinmetall could buy ThyssenKrupp's submarine manufacturing division, the paper said, adding Rheinmetall could also buy Airbus Group N.V. (ENXTPA:AIR) units ATLAS ELEKTRONIK GmbH or Optronics. Reuters added that Rheinmetall and ThyssenKrupp declined to comment. Krauss Maffei Wegmann was not immediately available for comment.

The Federal Aviation Administration Adopts Airworthiness Directive for Airbus A300-Series Aircraft, Effective on Oct. 8, 2014

The Federal Aviation Administration has issued a final rule adopting new airworthiness directive for all Airbus model A300 series airplanes, model A300 B4-600, B4-600R, and F4-600R series airplanes, model A300 C4-605R variant F airplanes (collectively called model A300-600 series airplanes), and model A310 series airplanes made by Airbus SAS Airworthiness Office-EAW, Blagnac Cedex, France. This directive is effective on Oct. 8, 2014.

Airbus Group N.V. Reportedly May Sell 49% Stake In ATLAS ELEKTRONIK GmbH

Airbus Group N.V. (ENXTPA:AIR) is considering a sale of its 49% in ATLAS ELEKTRONIK GmbH, Reuters reported quoting Die Welt which cited industry sources. Die Welt said Airbus was to make a decision on a sale of its stake in the coming months. ThyssenKrupp likely has a right of first refusal. Airbus declined to comment and ThyssenKrupp said it would not comment on speculation.

 

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