EADS NORTH AMERICA ANNOUNCES U.S. DEFENSE COMPANY
* Strategic Move to Strengthen Defense Business in North America
Washington, DC, 29 September 2004
EADS North America has announced the restructuring of its defense business into EADS North America Defense Company. The newly-announced company is a wholly-owned subsidiary of EADS North America, Inc., operating under a Special Security Agreement (SSA) to regulate and ease the management of classified information through a set of institutionalized corporate procedures establishing industrial security and export control measures. James Mulato will serve as CEO and the company will be located in Arlington, Virginia.
“EADS North America Defense is an important milestone in our long-term strategy of increasing our presence in the U.S. Defense Sector and earning our citizenship,” stated Ralph D. Crosby, Jr., Chairman and CEO, EADS North America and member of the EADS N.V. Executive Committee. “It will facilitate our discussions and dealings with other U.S. corporations and permit us to provide EADS capabilities in a broad array of defense products and services to the U.S. government. This places EADS North America in a position to bid directly for U.S. defense business or partner with another U.S. industry leader as prime or as a subcontractor.”
EADS North America Defense Company will initially include the existing operations of EADS Test and Services, Inc. (formerly Applied Research Corporation - ARC), an EADS North America Company, and EADS North America Defense and Security Systems. Other lines of business will be added to support and enhance the company’s growth.
About EADS North America (www.eadsnorthamerica.com)
EADS North America is the North American operations of EADS, the second largest aerospace and defense company in the world. As a leader in all sectors of aerospace, defense and homeland security, EADS North America and its parent company, EADS contribute more than $6 billion to the U.S. economy annually, and support more than 100,000 American jobs through its network of suppliers and services. With 11 operating companies located in 20 American states and 38 cities, including the District of Columbia, EADS North America offers a broad array of advanced solutions to its customers in commercial, civil, para-public and defense markets across the United States.
EADS North America Subsidiaries:
EADS North America Defense Company, Arlington, VA; ARC Information Assurance Institute, San Antonio, TX; American Eurocopter LLC, Grand Prairie, TX; EADS Aeroframe Services, LLC, Lake Charles, LA; EADS CASA North America, Chantilly, VA; EADS Sogerma Barfield, Inc., Miami, FL; Socata Aircraft, Inc., Pembroke Pines, FL; EADS Supply & Services, Rockville, MD; EADS TELECOM North America, Frisco, TX; Fairchild Controls Corporation, Frederick, MD; TYX, Reston, VA.
About EADS (www.eads.net)
EADS is a global leader in aerospace, defence and related services. In 2003, EADS generated revenues of 30.1 billion euros ($37 billion U.S.) and employed a workforce of about 109,000 worldwide. The EADS Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter, and the joint venture MBDA, the second largest missile producer in the global market. EADS is the major partner in the Eurofighter consortium, is the prime contractor for the Ariane launcher, develops the A400M military transport aircraft and is the largest industrial partner for the European satellite navigation system Galileo.
Diane Murphy
EADS North America
Tel.: (202) 776-0988
mailto: diane.murphy@eads-na.com
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