TEXT-Fitch:EMEA Aerospace and Defence M&A outlook improves;landscape unlikely to change significantly

Jan 07 - Fitch Ratings says that the announcement of General Electric Corp's (GE) EUR3.3bn purchase of AVIO SpA is likely to prove a spur towards consolidation of the Aerospace and Defence (A&D) European supply chain and increased merger and acquisition (M&A) activity in the sector over the coming 12 months involving the largest players, although mergers between the biggest OEM's in the region remain unlikely.