Last update: 18 July 2009 Send to a friend PrintPrint
 

EADS-CEO Louis Gallois at Premium AEROTEC

Endorsement of the Chosen Path – Praise for a Good Start

Augsburg, 18 July 2009

EADS-CEO Louis Gallois with the company's CEO Hans Lonsinger (left) and the Head of the Augsburg plant, Peter Schwarz (right).

EADS-CEO Louis Gallois with the company's CEO Hans Lonsinger (left) and the Head of the Augsburg plant, Peter Schwarz (right).

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Premium AEROTEC received an endorsement of the chosen path with a visit by EADS-CEO Louis Gallois. He praised the good start of the company, which has been operative since January 2009: "Our new baby is making splendid progress." Premium AEROTEC was formed from the Airbus plants in Nordenham and Varel (Northern Germany), as well as from the EADS Defence & Security site Augsburg (in Bavaria).

The EADS-CEO Louis Gallois regularly goes on "CEO site tours" and was at Premium AEROTEC in Augsburg on 17 July as part of this program. The company currently is a 100% subsidiary of the European EADS Group, but also is open to shareholding by solid industry investors. Louis Gallois confirmed at his visit in Augsburg: "We are paying high attention to the strength and the long-term commitment of potential investors out of self-interest – after all, Premium AEROTEC is the largest supplier of aerostructures for the Airbus A350 XWB, the program of the future."

Gallois endorsed the chosen path of expanding the know-how to aerostructures made of carbon-fiber composites (CFC) and the orientation as a fully adequate service provider with its own, newly established engineering, the cost-efficient manufacturing, and follow-up services.

Hans Lonsinger, President and CEO of Premium AEROTEC, confirmed that the company is on its way to become globally competitive.

Contact:

Manfred Knappe Tel.: +49 (0)821 801 63009
Cellphone: +49 (0)171 372 3196
www.premium-aerotec.com

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