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Post Tagged with: "EADS"
Airbus Military Delivers First Two C295 to Kazakhstan
Kazakhstan has taken delivery of the first two C295 transport aircraft that it ordered last year, marking Airbus Military´s entry into the CIS regional market. The aircraft, the first two on firm contract and a further six on options to be progressively confirmed in the coming years, were formally handed over in Sevilla before the [...]
Airbus to provide air refueling tankers to Indian Air Force
European aircraft manufacturer Airbus said Monday that it has won a tender to supply India with six A330 air refueling tankers, a deal potentially worth more than $1.0 billion (770 million euros). “Airbus Military is pleased to confirm that it has been selected by the Government of India as the preferred bidder to supply its [...]
EADS announces up to 850 job cuts in defence arm
European aerospace group EADS, which controls Airbus, said on Friday that it would shed up to 850 jobs through voluntary departures in a restructuring of its defence and security arm Cassidian. The objective, announced in September, is to increase competitiveness with annual economies of at least 200 million euros ($260 million) per year by 2014. [...]
EADS Commissions External Audit of Group Compliance
In view of current compliance investigations, EADS wishes to state the following: EADS Compliance Principles and Organization The Group is committed to ensuring and continuously improving a state-of-the-art compliance system. The EADS Code of Ethics applies a strict “zero tolerance” policy with respect to fraudulent or unethical behaviour. The Group fully cooperates with the respective [...]
EADS Wins Army Contract for Additional UH-72A Lakotas
The U.S. Army has awarded EADS North America a $181.8 million contract option to deliver 34 additional UH-72A Lakota helicopters, bringing the total aircraft ordered to date to 312. Army plans call for procuring 347 Lakotas through 2016. EADS North America has delivered 243 Lakotas – all on time and on budget – from its [...]
Cassidian Unveils Tanan 300 Unmanned VTOL UAS Helicopter
Cassidian presents its TANAN 300 new-generation compact VTOL Tactical UAS (Vertical Take-Off and Landing Tactical Unmanned Aerial System) for maritime and land missions. Designed in close collaboration with potential customers in order to match their specific requirements, TANAN 300 is a real ‘eye in the sky’ thanks to a full HD imagery chain and to [...]
Termination of Talks Regarding the Merger of BAE Systems and EADS
Following the announcements made by BAE Systems plc and EADS N.V. on 12 September 2012 in relation to a possible combination of their businesses through a dual listed company structure, BAE Systems and EADS announce that they have decided to terminate their discussions. BAE Systems and EADS believe that the merger was based on a [...]
French EADS Shareholder Queries BAE Merger Plan
A minority French stakeholder in EADS has questioned the current terms of a proposed merger between the European aeronautics company and Britain’s BAE Systems. This and other queries may lead to failure of the project. The French industrial and media group Lagardere, which has a 7.5 percent stake in the European Aeronautic Defense and Space [...]
BAE-EADS Combination Is Possible, But Not Inevitable
The reason companies considering strategic moves are so secretive is that once news of their intentions leaks out, it can change the business environment shaping their plans. So it is with yesterday’s disclosure by Bloomberg News that British military powerhouse BAE Systems and Airbus parent EADS are considering a merger. Talks about pursuing a combination [...]
