Airbus defense asset sale 'progressing well': strategy chief
PARIS (Reuters) - Airbus Group (AIR.PA: Quote) is making good progress in the sale of its defense electronics activities, a top executive said on Thursday.
In December, Airbus Group said it was on the verge of selecting a final candidate and expected a decision by the end of the month. Sources familiar with the talks estimate the value of the assets at around 1 billion euros.
"It is progressing well," Chief Strategy and Marketing Officer Marwan Lahoud, who is in charge of the negotiations, told Reuters when asked if a deal had been reached.
None of the players involved agreed to comment.
(Reporting by Tim Hepher; editing by Geert De Clercq)
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