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EADS: Galileo is Key for Europe's Future in Space

Amsterdam, 26 March 2002

EADS European Aeronautic Defence and Space Company welcomes the European Transport Ministers' decision to start the Galileo satellite navigation system. This decision constitutes a key event for the future of Space activities in Europe and honours the determining actions of the European Commission, the European Space Agency and the European governments which allowed this success.

François Auque, Head of EADS Space division and member of the EADS Executive Committee declared " Space is a strategic business area, at both technological and economical levels. The decision in favour of Galileo demonstrates the European ambition in the space area is preserved. The space industry is able to answer the needs of the European citizens, for security items as well as to improve their everyday life."

Planned to be fully operational in 2008, Galileo will start its signal transmission in 2005. The programme is expected to create around 100,000 high skilled jobs across Europe.

With revenues amounting to EUR 30.8 billion in 2001 and a workforce of over 100,000, EADS European Aeronautic Defence and Space Company is the largest European aerospace company and the No 2 worldwide. It is active in the sectors of commercial aircraft, helicopters, space, military transport and combat aircraft as well as defence technology and services.

Astrium, an EADS company with BAE SYSTEMS, is one of the main partners of the European consortium Galileo Industries.

Contacts EADS Corporate Communication :

Roland Sanguinetti
+33 1 42 24 24 2
6 Martine Galland
+33 1 42 24 22 54
Rainer Ohler
+49 89 607 34 23
5 Miguel Sanchez
+34 91 585 77 89