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Missile maker MBDA buys Safran's stake in rocket-engine supplier Roxel

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The deal gives Europe's largest tactical-missile vendor full control over its main supplier of propulsion, a key asset in an industry prone to bottlenecks.
MBDA, a European missile maker, has acquired the propulsion activities of Safran, a French aerospace company, for €10 million. This acquisition includes Safran's facilities in Vernon, France, and Panguipulli, Chile, which specialize in the design, development, and production of tactical rocket motors. The deal aims to enhance MBDA's capabilities in propulsion systems, crucial for its missile products. The transaction is part of a broader strategy to consolidate expertise and resources within the European defense sector, ensuring that MBDA can continue to innovate and meet the demands of modern warfare. The move also reflects ongoing trends in the defense industry towards vertical integration and specialization.

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[ https://www.yahoo.com/news/missile-maker-mbda-buys-safran-172000966.html ]