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Business/Financial

Airbus Defense Division Selling Aerospace Engineering Unit

By Cal Biesecker

Monday, March 23rd, 2015

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Airbus Defense Division Selling Aerospace Engineering Unit

Rostock GRACE Satellite Dispenser. Photo: Airbus

France’s Airbus Group on Monday said its Airbus Defence and Space division has agreed to sell its Rostock System Technik (RST) aerospace engineering unit to Germany’s Ferchau Engineering GmbH, which primarily provides engineering services and product manufacturing for Airbus.Terms of the deal were not disclosed. RST, which is also based in Germany, has 150 employees.Airbus said it is divesting RST as part of its strategy to shed non-core businesses.RST’s product portfolio includes aircraft cabin simulators for crew emergency training for…

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