EADS has taken another step toward divesting subsidiary Socata, the manufacturer of the TBM 850. France-based aerostructure specialist Daher has presented to Socata’s joint production committee plans to take over 70 percent of Socata and possibly 100 percent after three years. The would-be majority shareholder is committing to keep all employees at Socata’s Tarbes headquarters and main factory.
U.S. Secretary of Defense Robert Gates last week called off the revised KC-X tanker solicitation before the final request for proposal (RFP) was issued.“We can no longer complete a competition that would be viewed as fair and objective in this highly charged environment,” he said.
European Aerospace and Defense Systems (EADS) is the world’s second-largest aerospace and defense company (after Boeing).
In its effort to catch up with fast-growing neighbor Dubai as an aerospace hub, Abu Dhabi companies announced several key developments here at the Farnborough show. The deals will launch tier-one aerospace manufacturing in the Arabian Gulf, and significantly expand local maintenance, repair and overhaul capability.
Recent industry scuttlebutt that Daher Aerospace will take a majority stake in EADS Socata is likely to be confirmed next month following “exclusive negotiations” between the two companies announced last month.
EADS Socata celebrated the 20th anniversary of the first flight of its TBM 700 with a new and larger display at the 56th EAA AirVenture in Oshkosh, Wis., held July 28 to August 3. Two 2008 TBM 850s, equipped with Garmin G1000 integrated avionics and outfitted with a new-style cabin interior, are the centerpiece of Socata’s 10,000-sq-ft display. These aircraft will also carry the TBM 850’s new paint scheme.
Organizationally troubled Sentient Flight Group will be undergoing a restructuring, only a few weeks after the Weymouth, Mass.-based charter operator and management firm announced that company chairman Gregory Campbell would be replacing Steve Hankin as CEO.
Airbus Freighter Conversion (AFC), the joint venture established in March 2007 by EADS EFW, Airbus, United Aircraft Corporation and Irkut, yesterday signed a firm contract to convert 30 Airbus A320s and A321s into freighters for Netherlands-based lessor AerCap.
HCL Technologies, a $4.9 billion company that in three decades has grown from a garage-based start-up (Hindustan Computing) into India’s fifth largest IT company, has been selected by EADS as a tier One partner to support the activities
The National Research Council of Canada signed a five-year memorandum of understanding (MoU) with EADS last month to cooperate on aerospace research and technology development.