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Missiles group MBDA targets Poland contracts

Reuters - UK Focus

PARIS, Sept 19 (Reuters) - European missiles company MBDA is targeting possible contract wins in Poland in the medium-to-long term, Chief Executive Antoine Bouvier told a journalists' briefing on Tuesday.

Airbus and BAE Systems (LSE: BA.L - news) each own 37.5 percent stakes in MBDA, while Italian defence company Leonardo has a 25 percent stake.

In August, its deputy defence minister said Poland would allocate an additional 200 billion zlotys ($56 billion) on defence over the next 15 years to modernise its army amid signs of growing aggression from Russia.

($1 = 3.5790 zlotys) (Reporting by Cyril Altmeyer and Tim Hepher; writing by Sudip Kar-Gupta)