European aerospace giant EADS and its four divisions–Airbus, Astrium, Cassidian and Eurocopter–will hold more than 20 workshops here at the Paris Air Show to help recruit more than 4,000 new-hire employees and 4,000 interns. Entitled “Work for EADS,” the workshops will take place every day this week, apart from Sunday. Participants will meet top EADS executives, engineers and human resources representatives.
Since winning the $4 billion contract from the U.S. Air Force for development and engineering of the KC-X refuelling tanker last February, Boeing has provided only generalities on the design of its KC-46A. Last week, during a series of media briefings in Philadelphia and St.
During the 2011 International Defense Industry Fair (IDEF), held in Istanbul on May 10 to 13, EADS Cassidian signed a memorandum of understanding with Turkish Aerospace Industries (TAI), covering the participation of Turkish industry in the Talarion Male UAV program. This modular surveillance platform is being developed to meet projected requirements from France, Germany and Spain.
Vector Aerospace will maintain its separate identity as a stand-alone MRO (maintenance, repair and overhaul) company even after it is acquired by Eurocopter Holdings, according to Vector CEO Declan O’Shea.
Eurocopter has unveiled plans for a new rotor-blade factory in Dugny, near Paris Le Bourget Airport, to open in 2014. When the new facility is up and running, the 800 employees at the existing blade production lines in neighboring La Courneuve will move to Dugny, where they will be joined by some research engineers who will relocate from EADS Innovation Works’ offices in Suresnes (west of Paris).
Eurocopter Holding, a subsidiary of EADS, will acquire all of the issued and outstanding common shares of Vector Aerospace by way of a takeover bid at $13.49 in cash per common share. The offer values Vector Aerospace equity at approximately $648.7 million. Vector Aerospace provides both rotary-wing and fixed-wing maintenance, repair and overhaul services.
MBDA is stepping up efforts to consolidate Europe’s missile industry, on the back of last November’s Anglo-French Defence Declaration. This pact nominated the company–already a four-nation European industrial combine owned by BAE Systems (37.5 percent), EADS (37.5 percent) and Finmeccanica (25 percent)–as “a test case” for further integration, according to CEO Antoine Bouvier.
EADS has backed a pledge to launch a big push to strengthen its presence in new markets around the world, while seeking to avoid costly engineering and planning errors, by signing a new memorandum of understanding (MoU) on research collaboration with Russia’s Skolkovo Foundation. Jean Botti, EADS chief technical officer, and Viktor Vekselberg, executive president of the Skolkovo Foundation, signed the agreement in Paris on March 2.
Airbus plans to deliver between 520 to 530 commercial aircraft this year and the company projects its gross orders to exceed deliveries, resulting in a book-to-bill ratio of greater than one. The projection came as EADS released its year-end financial figures for 2010 today in Munich, where the European consortium noted that last year’s order intake increased 81 percent, to €83.1 billion ($115.8 billion), driven largely by Airbus Commercial.
Eurocopter released figures for 2010 revenues and bookings early this year, revealing that while turnover had increased, notably because of more deliveries in the lucrative medium-twin segment, orders dropped below a six-year average. The Marignane, France-based manufacturer further said it expects sustained or growing activity in the Asia market and in it service segment.