Airbus announced that it has completed the sale of its Defense Electronics business to KKR in a deal worth 1.1 billion Euros. The deal was first announced last March. The Germany-based business, which will be renamed Hansoldt, has annual revenues of approximately 1 billion Euros and provides mission-critical sensors, integrated systems and services for various defense and security applications. Airbus will maintain a 25.1 percent stake in the business.
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