Vital European defence

French conglomerate Alcatel Alsthom’s plans for a joint bid, with aerospace firms Dassault and Aerospatiale, for defence giant Thomson-CSF is a welcome move. Until now, Matra was the only credible French owner of a privatised Thomson-CSF. Now a real alternative is on offer. Privatisation is part of an unstoppable process in the defence industry which […]

French conglomerate Alcatel Alsthom’s plans for a joint bid, with aerospace firms Dassault and Aerospatiale, for defence giant Thomson-CSF is a welcome move.

Until now, Matra was the only credible French owner of a privatised Thomson-CSF. Now a real alternative is on offer.

Privatisation is part of an unstoppable process in the defence industry which will see major British, French and other European operators seal alliances and mergers.