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ST Aerospace completes investment in EADS EFW

6-Feb-2013 9:07 AM

ST Aerospace announced (05-Feb-2013) that further to the announcement made on 19-May-2012, it has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of customary conditions precedent. Following this completion, ST Aerospace will commence the A330P2F engineering development phase in Feb-2013. A Dresden-based company, EADS EFW's capabilities include passenger-to-freighter conversions, aircraft maintenance and repair, as well as engineering services. It also manufactures and supplies composite flat sandwich panels to Airbus. EADS EFW will serve as ST Aerospace’s European maintenance, repair and overhaul centre, leveraging the aerospace sector’s global network, track record and expertise in aircraft MRO and engineering. [more - original PR]