Airbus moves ahead with defense electronics, other asset sales

April 23, 2015 10:58 AM

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Airbus moves ahead with defense electronics, other asset sales

FRANKFURT (Reuters) - Airbus (AIR.PA) has started approaching potential buyers for electronics and other assets it wants to sell to focus its defense division on warplanes, missiles, launchers and satellites, three sources familiar with the matter said.

Europe's largest aerospace group hopes to attract private equity buyers for defense electronics businesses such as radar, optronics and avionics supplies, as well as for part of its satellite communications unit, the people said.

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