EADS strengthens defence business
Manufacturing facility in Belgium taken over from Siemens N.V.
Munich, 02 May 2002
EADS European Aeronautic Defence and Space Company is strengthening its defence business by expanding its manufacturing capabilities. As the company announced on Thursday, EADS and Siemens N.V. (Belgium) signed a contract covering the take over of Siemens‘ Oostkamp plant near Brugge/Belgium by EADS.
“We have a longstanding relationship to Oostkamp being a substantial supplier to our defence programs. As we are expanding and globalizing our defence business, it is very important to us to integrate the manufacturing capabilities of Oostkamp and the experience of its employees into our production strategy“, explained Stefan Zoller, CEO and President of EADS Systems & Defence Electronics. The implementation of the acquisition which still requires the approval of the merger control authorities will then take effect retroactively as of January 1, 2002. This will be a further step in EADS‘ strategy to strengthen the international presence of its defence business.
Siemens Oostkamp with about 250 employees has been supplying for years high frequency modules to EADS‘ radar and communication systems in several defence programs, particularly the Eurofighter. “Oostkamp with its advanced technological standard in millimeter-wave modules and high-precision manufacturing and testing is a valuable completion of our capabilities“, states Johann Heitzmann, Senior Vice President of EADS Airborne Systems.
Systems & Defence Electronics, a business unit of EADS, with a workforce of about 6,000 employees in Germany, France and the UK is one of the most important suppliers of defence electronics systems in Europe. It is delivering core electronic systems to major procurement programs such as the A400M transport aircraft, Eurofighter, the Tiger helicopter and the German K130 corvettes, as well as command & control and drone systems.
With revenues amounting to EUR 30.8 billion (2001) and 100,000 employees EADS European Aeronautic Defence and Space Company is the largest aerospace and defence company in Europe and number two worldwide.
Munich, 2 May 2002
Press contact:
EADS Systems & Defence Electronics
Lothar Belz
Phone: +49 (0) 731 392 3681
Email: lothar.belz@sysde.eads.net
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