WORLD NEWS & ANALYSIS
Stage Set for European Missile, Space Propulsion Merger
PARIS With the inking of agreements creating the new missile giant MBDA, the path is now clear for consolidation in the solid propulsion sector in which missiles are a major application. MBDA parent companies EADS and BAE Systems are in discussion with France’s SNPE about combining BAE's Royal Ordnance unit with an existing joint venture, Celerg, and other European businesses.
By MICHAEL A. TAVERNA3 min