
Roxel supplies rocket motors for a variety of tactical missile systems, including the Exocet family of anti-ship missiles. The Peruvian Navy test-fires an MBDA Exocet MM40 Block 3 missile (pictured). (Peruvian Navy)
MBDA Systems has acquired the 50% share of European tactical propulsion maker Roxel owned by French defence firm Safran Group, making it a wholly owned subsidiary. The acquisition was completed on 19 December, according to an MBDA Systems statement on 7 January. The value of the transaction was not disclosed.
Roxel will continue to operate independently to execute existing contracts and develop new markets, with a focus on exports, the statement said.
The acquisition will strengthen Roxel's position as a global supplier of tactical propulsion systems and consolidate “its role as a national champion in France and the UK”, MBDA said.
Bringing Roxel entirely within MBDA will reinforce co-operation among teams in the two companies “to support Roxel's operational and industrial excellence”, CEO of MBDA Éric Béranger said in the statement.
The acquisition is also intended to bolster development and production ramp ups to meet growing global demand for tactical missile systems.
“This acquisition will enable us to further develop innovation in new solid propulsion technologies. Additionally, this integration operation will make it easier to optimise industrial cycles for faster ramp up,” CEO of Roxel Sylvie Grison said in the statement.
Roxel designs, develops, manufactures, and sells solid propulsion systems and related equipment for rockets, tactical, and cruise missiles, according to the company website. Weapons employing Roxel motors include the Exocet family of anti-ship and Aster family of surface-to-air missiles as well as Magic anti-air,
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