Thales eyes missile systems sale, MBDA stake-paper


French defence electronics group Thales is considering selling its missile systems business and is interested in taking a stake instead in European missile maker MBDA, La Tribune reported.

Chief executive Luc Vigneron recommended exiting the missile business at a strategy meeting last week, the paper said.

One option would be a disposal for cash, but the CEO would prefer to sell the business in return for a stake in MBDA, the paper said. The unit has annual sales of around 700 million euros (US$928 million), Reuters reports.

MBDA is co-owned by BAE Systems, EADS and Finmeccanica.

Thales was not available for comment.