New Astrium organisation is a major step for the future shape of EADS space activities
Amsterdam, 18 June 2002
The new organisation of the satellite activities of Astrium is now set up.
"With this major step in the on-going reorganisation of EADS space activities, our efficiency and competitiveness on the global market will be improved. The reorganisation of the overall EADS space business will be completed soon," said Philippe Camus and Rainer Hertrich, the CEOs of EADS. "We appreciate the constructive and long-lasting partnership between EADS and BAE Systems in space activities."
With revenues of EUR 30.8 billion in 2001 and more than 100,000 employees, EADS is Europe's largest aerospace company and the Number 2 worldwide. EADS has a number of holding interests, including 80 percent in Airbus, 75 percent in the space company Astrium, 100 percent in the helicopter manufacturer Eurocopter, 43 percent in the Eurofighter programme and 37.5 percent in the guided missile producer MBDA.
Contacts:
Dr. Rainer Ohler
Tel. +49 89 60734235
Miguel Sanchez
Tel. +34 91 585 77 89
Roland Sanguinetti
Tel. +33 1 4224 24 26
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