EADS still willing to take a stake in UAC
Amsterdam, 18 June 2008
EADS still intends to transform its 10% stake in the Russian aircraft manufacturer Irkut into shares of the Russian aerospace holding company UAC, considering the Russian aerospace industry as a key partner.
EADS is currently selling its shares in Irkut, and is willing to acquire the equivalent amount in UAC as soon as the financial valuation of this company will have been achieved as planned, and the operation will be made technically possible.
EADS is a global leader in aerospace, defence and related services. In 2007, EADS generated revenues of € 39.1 billion and employed a workforce of about 116,000. The Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and EADS Astrium, the European leader in space programmes from Ariane to Galileo. Its Defence & Security Division is a provider of comprehensive systems solutions and makes EADS the major partner in the Eurofighter consortium as well as a stakeholder in the missile systems provider MBDA. EADS also develops the A400M through its Military Transport Aircraft Division.
Contact:
| Pierre Bayle |
Tel.: + 33 1 42 24 20 63 |
