Contract for the development of Hellenic Aerospace Industry design capability signed by EADS and HAI
- HAI expands its potential for business activities and new cooperation
- Major milestone to enhance a long-term partnership
Athens, 05 February 2008
EADS and Hellenic Aerospace Industry (HAI) signed an agreement value 9,7 million euros for HAI’s designing center development.
This was agreed in a contract signed by HAI’s CEO Mr. Tassos Philippakos and by Mr. Bernhard Gerwert, CEO of Military Air Systems, which is an integrated business unit of the EADS Defence & Security Division.
By this agreement, HAI will obtain all the essential technological infrastructures and the know – how in order to establish the capability for airframe structure design and development.
HAI’s design capability development constitutes a part of the designing center program that HAI is generating with the Ministry of Defense support.
HAI’s design capability will facilitate the company’s transformation from an air structure part builder to a company capable of designing, manufacturing and supporting aerostructure products. This new capability will offer HAI excellent perspectives for future growth and it will increase the company’s competitiveness.
Furthermore, HAI will have the opportunity to participate in collaborations and consortiums worldwide as a strategic partner in the designing and development sectors such as research and technology.
After the contract signature, Bernhard Gerwert, CEO of Military Air Systems, said: "EADS will support HAI to acquire its own design capability in true partnership. This is a significant step ahead for HAI and will not only improve its competitiveness but will also expand its potential for future business activities. As Europe's leading aerospace and defense company, EADS can offer more attractive opportunities for industrial participation in order to expand our collaboration for the benefit of both sides".
Kyriakos Linakis, HAI’s Chairman of BOD, pointed: "For HAI, the development of the designing center has a significant role for the company’s strategic orientation, due to that HAI obtains important benefits. Furthermore, HAI develops the necessary technological infrastructure and abilities in order to strengthen its position in the international market, to expand its business activities and at the same time reinforce its economic growth and competitiveness".
Tassos Philippakos, HAI’s CEO, added: "HAI’s designing center development upgrades the company’s abilities and offers significant benefits, because it will strengthen our competitiveness, business prospects and strategic re-orientation as a strategic partner towards the global market. HAI, as the largest defense aerospace company in Greece, has developed a long lasting and mutual beneficial cooperation with EADS. This collaboration also adds important prospects for consolidating our business relationship with EADS and explores a wide range of new business topics".
About EADS:
Military Air Systems, an integrated business unit of EADS Defence & Security (DS), is the centre of competence for all manned and unmanned flying weapon systems within EADS. DS is a systems solutions provider combining military air systems, missile systems, communications and intelligence systems, global security solutions as well as sensor and avionics systems into a single effective network. In 2006, DS – with its around 23,000 employees – achieved revenues of € 5.9 billion. EADS is a global leader in aerospace, defence and related services. In 2006, EADS generated revenues of € 39.4 billion and employed a workforce of about 116,000.
About HAI:
Hellenic Aerospace Industry S.A., the largest defence and aerospace company in Greece, operates in the local as well as the international markets, in which maintains a leading role. HAI, with certified production processes and an outstandingly trained and experienced workforce, offers high quality products and services with main activities: The manufacture, maintenance, upgrade and modernisation of civil and military aircraft, engines, their accessories and electronics systems, while it also develops, designs and produces electronics, optronics and communication products for military and civil use. It is active in the build up of satellite communication networks, the checking, certification, repair of controlling and measuring devices. HAI also offers services for electromagnetic compatibility and certification of electric, electronic and communication products through its subsidiary EMC.
Contacts:
| Theodor Benien | EADS Defence & Security Military Air Systems |
Tel.: +49 (0) 89 607 32822 mailto: theodor.benien@eads.com |
| Georgia Flessa | HAI Hellenic Aerospace Industry |
Tel.: +30 (2262) 052183 mailto: flessa.georgia@haicorp.com |
