MBDA Is Far From Meeting 2010 Export Target - Report

23rd Jul 2010 07:07

PARIS (Dow Jones)--European missile maker MBDA is far from meeting its 2010 export target and had received less than around EUR10 million worth of orders in the first half of the year, the French business daily La Tribune reports in its Friday edition without citing sources. The company is concerned about delays in negotiations for some missile platform contracts, MBDA Chief Executive Antoine Bouvier said, according to the paper. Bouvier no longer expects a decision from Greece on a contract for frigates this year, Bouvier also said. "Discussions are progressing well but Greece's financial situation is affecting the timing of the decision," the paper quotes Bouvier as saying. European Aeronautic Defence & Space Co NV (EADSY) and BAE Systems PLC (BA.LN) own 37.5% of MBDA each. Italy's Finmeccanica SpA has the remaining 25% interest. MBDA wasn't immediately available for comment. Newspaper website: http://www.latribune.fr -By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740 (END) Dow Jones Newswires July 23, 2010 02:07 ET (06:07 GMT)