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Airbus Defence and Space puts commercial satellite business up for sale
AIRBUS Defence and Space has announced that it plans to sell off its commercial satellite communications interests, including its maritime satcom business and direct sales subsidiary, Marlink.
"After a detailed and comprehensive portfolio assessment, Airbus Defence and Space has defined space (launchers and satellites), military aircraft, missiles and related systems and services as future core businesses," said a company statement.
"Some business areas are identified as divestment candidates as they do not fit the strategic goals and for which the company sees possibilities to increase their development potential," it said.
The decision was taken, reported Digital Ship, as a result of Airbus Defence and Space Group's Strategy Review in 2013, which concluded that commercial satellite communications would have a better chance for growth under new owners.
"After a detailed and comprehensive portfolio assessment, Airbus Defence and Space has defined space (launchers and satellites), military aircraft, missiles and related systems and services as future core businesses," said a company statement.
"Some business areas are identified as divestment candidates as they do not fit the strategic goals and for which the company sees possibilities to increase their development potential," it said.
The decision was taken, reported Digital Ship, as a result of Airbus Defence and Space Group's Strategy Review in 2013, which concluded that commercial satellite communications would have a better chance for growth under new owners.
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