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MBDA to buy 81 pct stake in Germany's LFK from EADS PARIS (AFP) Jun 15, 2005 European missile maker MBDA signed Wednesday an agreement with the European Aeronautic Defence and Space Company to buy its 81 percent stake in Germany's LFK, in which MBDA already owns the other 19 percent. The deal was signed at the Paris Air Show at Le Bourget Airport near Paris by MBDA chief executive Marwan Lahoud and Thomas Enders, the head of EADS's Defence division. Financial terms of the sale were not disclosed. EADS holds 37.5 percent of MBDA, while BAE Systems of Britain holds 37.5 percent and Finmeccanica of Italy holds 25 percent. MBDA is the world's second leading missile manufacturer, after US company Raytheon, with sales of 3.1 billion euros (3.7 billion dollars) in 2004. All rights reserved. � 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
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