EADS expands its defence business in Information Warfare
Joint Venture with Grintek founded
Ulm, 07 December 2001
Europe's largest defence and aerospace company EADS European Aeronautic Defence and Space Company is expanding its defence business in the sensitive field of Information Warfare.
As announced by EADS on Friday, Ewation GmbH, Ulm/Germany, a subsidiary of EADS Naval & Ground Systems, is forming a joint venture in the field of Electronic Warfare with the South African electronics manufacturer Grintek Group Ltd, Pretoria. The joint venture, named Grintek Ewation (Pty) Ltd, Pretoria, is held by EADS Ewation with 45% of the shares and Grintek Group (55%). Within the joint venture, a competence center is created for manufacturing and engineering of products, which will be integrated into Ewation's comprehensive EW systems. The new joint venture together with EADS Ewation in Germany has a workforce of about 400 employees with expected annual revenues of $120 m.
Ewation is the supplier of electronic warfare, strategic monitoring and surveillance systems. Its joint venture expands the existing strategic partnership with Grintek started two years ago. Within this partnership under the trademark of MRCM (Monitoring, Reconnaissance, Countermeasures) the whole spectrum of Signals Intelligence and Jamming Systems are offered. The partnership meanwhile has been joined by Herley,New York, and Sysdel, Pretoria.
"Our joint venture with Grintek enables the cost-effective development of sophisticated systems solutions in the field of information warfare, which is the key to the preservation of security and crisis prevention", explains Bernhard Gerwert, head of EADS Naval & Ground Systems.
EADS Systems & Defence Electronics is one of the most important defence electronics suppliers in Europe. It is participating in key defence projects such as the Eurofighter self-protection system EuroDASS, the NATO Air-Ground Surveillance sensor SOSTAR and the German F124 frigate program.
With revenues amounting to EUR 24.2 billion (2000) and 100,000 employees EADS European Aeronautic Defence and Space Company is the largest aerospace and defence company in Europe and number two worldwide.
Ulm/Germany, 7 December 2001
Press contact:
EADS Systems & Defence Electronics Lothar Belz
Phone: +49 (0) 731 392 3681
Email: lothar.belz@sysde.eads.net
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