European missile house MBDA has boosted its European presence with the integration of German missile manufacturer LFK. MBDA says its new German component “will become a full part of MBDA’s group structure, adopting all of its procedures and processes while also addressing Europe’s third largest missile market, Germany”. The addition will “consolidate our position of being the number one missile company worldwide”, says MBDA chief executive Marwan Lahoud. The deal will boost MBDA’s revenues to almost €3.6 billion ($4.27 billion). Werner Kaltenegger, managing director of MBDA Deutschland, adds that it “will enhance its position on transatlantic co-operation – while at the same time maintaining the possibility to realise German Eyes Only programmes”.
Source: Flight International