Alcatel increases Thomson-CSF's stake

Article Abstract:

Alcatel SA of France has announced the formal conclusion of an agreement to bolster its cooperation with Thomson-CSF while divesting a major portion of its interest in Framatome SA. Terms of the deal call for the French government to transfer to Alcatel a block of shares representing 9.45% of Thomson-CSF's capital. This will increase Alcatel's existing stake in Thomson-CSF to 25.3%. Alcatel will, in turn, sell a block of Framatome shares to the French government.

Asset sales & divestitures, Acquisitions & mergers, France, Aerospace Product and Parts Manufacturing, Aircraft & Parts, Compagnie Financiere Alcatel

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BAT enters initial production

Article Abstract:

Lockheed Martin Vought Systems Corp has awarded Northrop Grumman Corp's Electronic Sensors and Systems Sector with an $8.7-million contract for Low Rate Initial Production of BAT brilliant anti-armour submunitions. The BAT submunitions will be installed into the Army Tactical Missile System warhead assemblies. BAT uses passive sensors to search, attack and destroy moving tanks and other armored vehicles deep into hostile territory.

United States, Use of materials & supplies, Guided Missile and Space Vehicle Manufacturing, Antitank & Antiarmor Missiles, Antitank missiles

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