The Italian group FINMECCANICA is negotiating the creation of three joint-ventures with European partners so as to speed-up the restructuring of the European defence and civil aviation industries. Firstly, FUNMECCANICA intends finalising talks with EADS by the end of the year on the creation of a joint-venture combining civil and military programmes and opening up the path for the Italian group to take a 5% stake in AIRBUS for 1 bn euro. Then, the group is in talks with, on the one hand, the...