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Friday, March 23, 2012

MBDA sees Asia missile demand sustaining orders

[Mirage 2000]European missile maker MBDA said it expected orders well above 3 billion euros ($4 billion) this year, as strong Asian demand offsets a European military spending slowdown.

A growing share of sales will come from export contracts, including a 900 million euro deal to re-arm Indian fighter jets as Europe's outlook worsens, MBDA said on Tuesday as it published 2011 results.

"Strong pressure on European budgets, particularly defence, can only increase in coming months," Chief Executive Antoine Bouvier said, Reuters reports.

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