The European Aeronautic Defence and Space Company NV (EADS) is a large European aerospace corporation, formed by the merger on 10-Jul-2000 of Germany's DaimlerChrysler Aerospace AG (DASA), France's Aérospatiale-Matra, and Spain's Construcciones Aeronáuticas SA (CASA). The company manufactures civil and military aircraft, as well as communications systems, missiles, space rockets, satellites, and related systems. The company is headquartered in Leiden, Netherlands and operates under Dutch law.
Its major divisions are Airbus (Commercial and Military), Eurocopter, Astrium and Defence & Security.
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The US Federal Aviation Administration is set to invest more than USD2.5 billion in the development of the US air traffic management system over the next two years alone. Such investment is attracting interest from European aerospace companies that are increasingly eager to break into the market via acquisitions. This week, Airbus has announced the acquisition of Metron Aviation – a supplier of air traffic flow management solutions and ATM research - while Saab Group has closed the acquisition of Sensis – a supplier of a broad range of surveillance solutions covering commercial and military air traffic control, air defence, airline and airport operations management, and data integration and distribution.
The WTO has handed down its final decision on DS 353; the case brought by the European Union against US government subsidies to Boeing. The decision is the latest in an ongoing dispute between Airbus and Boeing, and by default the EU and the US, over commercial aircraft manufacturing and the level of government support for the world’s two largest aircraft manufacturers.
With ATM development and implementation in Europe, the US and elsewhere on the cusp of the satellite-based revolution, Airbus has announced the launch of a new subsidiary to capitalise on the market. Although the company already has an active role in the development of ATM systems, the new unit, called Airbus ProSky, will be dedicated to the development and support of “modern” air traffic management systems.
The ATR Assembly of Members has appointed Filippo Bagnato (62) as CEO of ATR. He succeeds Stéphane Mayer, whose three-year mandate has expired. Filippo Bagnato previously served as CEO of ATR between 2004 and 2007. During the last three years, while he was Finmeccanica Executive VP Technical, Industrial and Commercial Development, he assumed the chairmanship of the ATR’s Board.
Airbus confirmed late last week that it will compress the A350 XWB flight test programme from 15 to 12 months. The move to shorten the test programme is as a result of additional design work on the aircraft, which is Airbus' response to Boeing’s B787. Five aircraft will be involved in the programme, with the first flight due in 2012.
As airlines are focusing on strengthening their balance sheet, so too is Boeing, according to Executive Vice President and CFO James Bell, who spoke and the Bank of America/Merrill Lynch 2009 Global Industries Conference yesterday. Bell outlined how the company has adjusted production rates on the commercial side and is expanding products and services on the military side to cope with US military budget constraints as the Obama Administration focuses on coping with the twin rescues of the financial and auto industries.
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