Word: matra
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...been at least 15 years in the making. Carpentier, having invented bio-engineered heart valves three decades ago, sought next to create the ultimate artificial heart. His efforts got a major boost in 1993 when the late French media and aerospace magnate Jean-Luc Lagardère and his Matra aviation group - which was later folded into EADS - offered materials and financial and technical support. Carpentier announced the final step of that collaboration last month, along with the prosthetic heart: the launch of Carmat, a new $9.2 million firm that will build and eventually market the heart. Carmat (for Carpentier...
Jean-Luc Lagardere trained as an engineer at Marcel Dassault's aircraft-design business in the 1950s and went on to run a small Dassault subcontractor called Matra. In 1980 he diversified into media by acquiring magazine group Hachette and today publishes 222 titles, including Paris Match, Car and Driver and Elle. A foray into TV almost bankrupted Matra, but it recovered, and the publicly traded firm--now called Lagardere Group--with $14 billion in annual sales is weathering the economic downturn. Through aggressive dealmaking, he has spun his stake in Matra into a 15% share of EADS, which makes...
...that the LTV missile operation is a natural complement to Thomson-CSF's heavy involvement in communications, radar and guidance systems. Carlucci claims that LTV will benefit from the strength of Thomson-CSF, and to prove his point he cites opposition to the sale by French missilemakers Aerospatiale and Matra. "The U.S. cannot escape the trend toward greater internationalization of the Western defense industry," he says...
...skepticism about the virtues of free-market forces. Last week opinion polls showed that a majority of the French people favored a slowdown in the sell-off. Depressed market conditions forced the Premier to postpone the sale of the government's majority share of the defense and electronics group Matra, a $23.5 million enterprise. Meanwhile, the West German government appeared poised to put off the sale of its remaining 16% stake in auto giant Volkswagen (1986 revenues: $29.3 billion), despite earlier pledges of a sale this year...
...CRASH, headlines the newspaper Le Quotidien, as local share prices stay flat for the day. The government postpones plans to sell shares in Matra, a giant state-owned defense and electronics firm...