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Airbus Group agrees to sell its defense-electronics business to KKR & Co. for €1.1 billion ($1.24 billion). This divestment is part of Airbus' strategic restructuring to focus on higher-growth areas such as commercial aircraft, military planes, and space systems. Private-equity groups are increasingly targeting aerospace and defense products as valuations in the sector become more favorable.
Thursday, 17 March, 2016