EADS Air Surveillance Systems enhance German Airspace Security - Multi-million Euro contracts
Latest step in expansion of U.S. presence for world’s second largest aerospace and defense company
Washington D.C./Grand Prairie TX, 24 October 2002
Eurocopter, a wholly-owned subsidiary of EADS, one of the world’s leaders in aerospace and defense, today announced that its U.S. subsidiary, American Eurocopter Corporation, will construct a facility in the Golden Triangle area of Mississippi. This new presence will be dedicated to the manufacturing of helicopter components for the Eurocopter AS350, EC130, AS355 models, and the customization of helicopters. It will also include the final assembly of American Eurocopter’s market-leading AS350 series helicopters, serving both the commercial and the para-public market, which includes law enforcement and emergency services. The plant will employ a workforce of approximately 100.
Marc Paganini, President and CEO of American Eurocopter commented, “Eurocopter is the market leader in rotary wing aviation in the United States, as well as around the world. This announcement signals our increasing industrial presence in the United States market and reinforces American Eurocopter’s market-leading role.”
Paganini continued, “American Eurocopter is pleased that it has found an ideal location for expanding its activities in the United States in Mississippi’s Golden Triangle. This new plant will play a vital role in the manufacturing and assembly of the world’s most modern helicopter product line, serving both the commercial and homeland security markets.”
The American Eurocopter Mississippi infrastructure will be set on 40 acres with 100,000 square feet. Work space will include flight hangers, completion and final assembly areas, manufacturing stations, and avionics assembly.
Ralph Crosby, Member of the EADS Executive Committee and Chairman and CEO of EADS North America stated, “It is a top priority to increase our industrial presence and workforce in the U.S. - particularly in the areas of homeland security and defense - and the placement of this facility is an important strategic move, and a positive step forward for EADS. The Golden Triangle area of Mississippi provides a highly competitive operating location and state and local leaders have shown great encouragement and support for both American Eurocopter and EADS.”
Training for the Mississippi employees will begin as soon as the fourth quarter of 2002, in American Eurocopter’s headquarters in Grand Prairie, Texas. Operations in a temporary facility adjacent to the new American Eurocopter plant are slated for March of 2003. Construction of the Golden Triangle facility is planned to commence in the first quarter of 2003, with completion scheduled for the third or fourth quarter of 2003.
About American Eurocopter
American Eurocopter Corporation (AEC) is the American subsidiary of Eurocopter, the largest helicopter manufacturer in the world. AEC markets, sells and supports the broadest range of civil and para-public helicopters offered by any manufacturer. The product line represents the most cost-effective, technologiclly advanced helicopters, ranging from light single to heavy twin, serving all markets and missions. To learn more, visit AEC’s website at www.eurocopterusa.com.
About EADS
EADS is the world’s second largest aerospace and defense leader, offering the widest array of products and services in the industry. With total annual revenues of nearly $30 billion, and annual defense revenues of $6 billion, EADS is a market leader in all sectors of the defense and aerospace market worldwide. EADS contributes over $6 billion to the U.S. economy annually, supports more than 100,000 U.S. jobs, and maintains subsidiary locations in 35 U.S. cities in 20 states and the District of Columbia, as well as hundreds of suppliers across North America. To learn more, visit the EADS Web site at www.eads.net.
Contacts:
American Eurocopter:
Brenda Reuland
Grand Prairie, TX
Tel: (972) 641-3679
EADS North America:
Washington, D.C.
Tel: (202) 776-0988
AGG International
Addison Ames
New York, NY
Tel: (212) 869-8230
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