French Defense Minister Drafts Small Business Law, Echos Reports
French Defense Minister Jean-Yves Le Drian said he is drafting a small-business law for the armaments and defense industry, Les Echos reported today citing an interview.
Le Drian also said he supports the creation of a “golden share,” or a veto right for the state, in French defense industries, the newspaper said.
The minister added that the state would go ahead with a 1 billion-euro ($1.3 billion) contract for Thales SA (HO) to replace the army’s radios after the previous administration’s Finance Ministry opposed it, the news paper said.
To contact the reporters on this story: Helene Fouquet in Paris at email@example.com.
To contact the editor responsible for this story: Vidya Root at firstname.lastname@example.org