Airbus Defense and Space Plans to Divest its U.S. Military and Commercial Aircraft Products and Services Business Unit
On September 16, 2014, Airbus Group announced plans to implement a leaner and more focused strategy for their recently renamed Airbus Defense and Space division.
This new focus on space launchers, satellites, military aircraft and missiles includes the planned divestiture of non-core businesses including Fairchild Controls in Frederick, Maryland, USA. Fairchild Controls traces its lineage back to Fairchild Industries as one of the many companies founded by aeronautical pioneer Sherman Fairchild.
In 1989, Fairchild Controls was acquired by the Matra Lagardère Group, and became part of EADS with the merger of DaimlerChrysler Aerospace AG, Aérospatiale-Matra, and CASA of Spain in 2000. With the recent reorganization of EADS into Airbus Group, Fairchild Controls is now a wholly owned subsidiary of Airbus Defense and Space Holdings, Inc
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