 During February 1999, the firm's defense wing, "Matra Hautes Technologies", was merged with French aerospace conglomerate Aérospatiale to form Aérospatiale-Matra.During 2003, following poor financial performance within the sector, "Matra Automobiles" became bankrupt and its assets were sold off once more by Matra.Instead, Matra decided to concentrate its resources on its remaining interests within the media and aerospace sectors.