LONDON — In a sign that European defense companies may be stepping up activities to rationalize their product portfolio, Rheinmetall and EADS’s Cassidian unit have agreed to a joint venture (JV) covering tactical and medium-altitude unmanned aircraft and cargo loading systems. Cassidian will control 51% of the JV, although Rheinmetall appears to be providing the bulk of the technology content. In return, Rheinmetall is due to receive an undisclosed cash consideration once the deal ...


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