ROME, July 30 Reuters Italy39;s Leonardo is in ongoing talks with European peers over the organisation and governance of its space division, the statecontrolled group said in slides prepared for its halfyear results.

The aerospace and defence company added it would present a strategy framework for its space business seen as one of the key sectors for future growth by the end of September and would draw up a broader business plan by the end of the year.

Frances Airbus is drawing up a turnaround plan for its struggling Space Systems business, industry sources said on Monday, as it is tied in talks that include Leonardo as well as France39;s Thales but none of the companies involved had any comment.

Reporting by Giulia Segreti, editing by Cristina Carlevaro

Source Reuters