French defence official optimistic on Safran, Thales talks


Tie-up talks between French aerospace firms Safran and Thales should reach a conclusion by the end of the year, said a French defence official.

The chief of arms procurement for the French military, Laurent Collet-Billon, told Reuters on the sidelines of a defence conference he was “optimistic” about this timeframe.

A potential tie-up between Thales and weapons manufacturer Nexter was one scenario being examined, he added, Reuters reports.