EADS and Cincinnati Machine Sign a Key Supplier Agreement for the Supply of Production Equipment and Systems
Amsterdam / Cincinnati, le 19 juin 2003
EADS and Cincinnati Machine have signed a Memorandum of Agreement (MoA) at the Le Bourget Air Show for production equipment & systems sourcing. This agreement is part of the global sourcing strategy that has been launched across EADS.
The agreement paves the way for enhanced performances in the relationship between Cincinnati Machine as a supplier and EADS as a customer, in order to better meet business requirements. The resulting improvements form a platform for moving towards a “Competitive Partnership” between EADS and Cincinnati Machine in the production equipment & systems supply area, where products include automatic composite tapelayers and fibre placement machines.
The EADS sourcing strategy comprises major aspects such as supplier evaluation and proactive development of performance and business along procurement policy targets and principles. It aims to build a long-term relationship with suppliers that are willing to develop sustained, excellent performances with the aim of meeting the market needs in an improved manner. Tuned to particular internal customer requirements, the agreement applies to every Business Unit of EADS. It facilitates the implementation of a deepened relationship between EADS and its best suppliers, called the “Competitive Partnership”.
“Our global sourcing strategy aims to encourage long-term cooperation between EADS Business Units and their best-in-class suppliers and to make progress towards a new type of relationship called the "Competitive Partnership". This ensures progressively closer relationships are balanced with strong cross-references to prevailing market conditions. The levels of performance achieved by Cincinnati Machine and their willingness to continue to develop them position this supplier as one of the very best. We are committed to working out this excellence-and-reward type of approach with a limited number of strategic suppliers to enable our Business Units, end-customers and shareholders to benefit from top-quality performances,” said Hans-Erich Mundt, Senior Vice President Corporate Sourcing at EADS.
“Cincinnati Machine has a long and successful history of supplying manufacturing solutions across many segments of EADS”, said Chip Storie, Vice President Aerospace Sales, Cincinnati Machine. “We welcome this opportunity to build on that success and are committed to contributing to the value that EADS delivers to its global customers.”
About EADS:
EADS is a global aerospace and defence company and is the world’s second largest in terms of revenues with € 29.9 billion in 2002. EADS has a workforce of more than 100,000 and is a market leader in defence technology, commercial aircraft, helicopters, space, military transport and combat aircraft, as well as related services. It’s family of leading brands includes the commercial aircraft manufacturer Airbus, the world's largest helicopter manufacturer Eurocopter, the space company Astrium and MBDA, the world’s second largest missile company. EADS is the biggest partner in the Eurofighter consortium and heads the A400M military transport aircraft programme. The company has over 70 sites in Germany, France, Great Britain and Spain. It is active in many regions worldwide, including the U.S., Russia and Asia.
About Cincinnati Machine:
Cincinnati Machine, part of UNOVA Industrial Automation Systems, designs and builds manufacturing systems including composites processing equipment, profilers, routers, and five-axis CNC machining centers, horizontal and vertical machining centers and turning centers. Additionally, the company provides the manufacturing industry’s most comprehensive package of service and support through its Cincinnati PLUS program. For more information visit www.cinmach.com.
Contact for communications:
EADS
Rainer Ohler
+49 89 607 34 235
Miguel Sanchez
+ 34 91 585 77 89
Roland Sanguinetti
+ 33 1 42 24 24 26
Cincinnati Machine: Jami Leininger
+1 513 841 8280
David Wiggins
+44 121 313 5334
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