EADS: door still open for Greek procurement of Eurofighter
Munich, le 29 mars 2001
EADS European Aeronautic Defence and Space Company has noted that the Greek government has decided to postpone signing the contract confirming the order for Eurofighter aircraft until the year 2004.
"We regret that the Greek Eurofighter programme has been deferred along with other defence procurement projects as a result of the reorientation in the government's budget policy. Nevertheless, we are confident that Greece will stand by the decision it has already taken to order the Eurofighter for the Hellenic Air Force. For this reason we are maintaining our offer of a partnership in the Eurofighter programme and will remain in close contact with the Greek authorities," stated Rainer Hertrich, Chief Executive Officer of EADS.
The postponement will have no effect on the profitability of the ongoing Eurofighter programme. Also, the three-year planning of EADS will not be effected. EADS will still achieve its 10 percent EBIT margin in 2004.
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