Italian Prime Minister Matteo Renzi’s political party said cuts to the government’s order of Lockheed Martin Corp. F-35 fighter jets need to be significant to ensure more defense spending stays with domestic contractors.
PSA Peugeot Citroen chose Louis Gallois as the first-ever chairman from outside its founding family as the carmaker seeks to tap the former Airbus Group NV head’s experience with turning around large French companies.
PSA Peugeot Citroen has narrowed the search for a new supervisory board chairman to ex-Airbus Group NV Chief Executive Officer Louis Gallois and former Nexans SA CEO Gerard Hauser, a person familiar with the matter said.
Airbus Group NV Chief Executive Officer Tom Enders said he’s frustrated by Turkey’s failure to accept delivery of the third production A400M airlifter, even though two planes are flying successfully with French forces.
Airbus Group NV plans to create an in-house bank by taking over a regional lender as the world’s second-largest planemaker follows companies from Daimler AG to Siemens AG in providing financial services for customers.
Airbus Group NV is targeting its second export order for the A400M military cargo plane before the end of this year, said Christian Scherer, head of marketing and sales at the company’s defense and space division.
On Oct. 11, the U.K. government sold a majority stake in Royal Mail Plc, the British postal service, in an initial public offering. Interest from both retail and institutional investors was strong. When the trading frenzy died down, two names emerged with large positions: Lansdowne Partners Ltd. and The Children’s Investment Fund Management UK LLP.