RO-GIAT MERGER DEAD

An industry insider has told The Engineer the proposed merger of French state-owned arms firm Giat and Royal Ordnance is now `dead’. RO is considering a joint venture with French ammunition maker SNPE.

An industry insider has told The Engineer the proposed merger of French state-owned arms firm Giat and Royal Ordnance is now `dead’. RO is considering a joint venture with French ammunition maker SNPE.