BERLIN, April 26 (Reuters) - European missile maker MBDA
prefers to form cooperation agreements with U.S. companies
instead of using takeovers to gain access to the large U.S. arms
market, Chief Executive Antoine Bouvier told Reuters in an
MDBA is jointly owned by Airbus Group, Britain's
BAE Systems and Italy's Leonardo.
"It is not in our plan to take over U.S. companies. There is
a very tight regulation and our view is that to partner with
large U.S. companies is the preferred option, Bouvier said in an
interview on the sidelines of the ILA Berlin Air Show.
He said MBDA would pursue cooperation deals inside and
outside the United States, but did not name potential partners.
MDBA has faced stiff challenges in selling its Brimstone
missiles and other equipment in the U.S. market, which
constitutes about 40 percent of the world missile market,
excluding Russia and China, he said.
Bouvier noted that MBDA was already working closely with top
U.S. arms maker Lockheed Martin Corp in Germany, where
the two companies have formed a joint venture to hammer out an
agreement with the defence ministry about a multibillion-euro
missile defence system called TLVS.
The head of Lockheed's missiles and fire control business on
Wednesday said the two companies hoped to finalise a contract
for TLVS by the end of 2018.
Bouvier said that cooperation could expand outside Germany
in the future, given what he called the "huge potential for
export" of the TLVS system.
"When the German customer confirms TLVS then we will have a
number of opportunities outside Germany with Lockheed Martin,"
he said, citing current Patriot operators outside Europe as
(Reporting by Andrea Shalal
Editing by Keith Weir)
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