Thales Buys EADS Stake in French Armaments Unit
French arms maker TDA is becoming a wholly owned Thales subsidiary, after agreeing to buy EADS's 50% stake for an undisclosed sum. The deal should close before year-end. TDA had a turnover of 90 million euros ($108 million) last year, 50% from exports. Thales says the deal gives it "strategic...
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