Astana, 08 February 2008
EADS, a world leader in aerospace, defence and related services, signed a Memorandum of Understanding with the Kazyna Sustainable Development Fund for astrategic partnership in the development of the aerospace industry and related services in Kazakhstan.
This agreement with Kazyna envisages feasibility studies for the financing of aerospace projects.
The agreements were signed on the occasion of the offical visit of the French Prime Minister François Fillon.
In addition EADS also signed a roughly US $ 1 billion MoU with the Kazakh titanium company UKTMP and the metals and alloys specialists Aubert & Duval (A&D). This MoU covers the supply of titanium and the manufacture of finished and semi-finished products for Airbus and other Divisions of EADS.
EADS intends to contribute with its Kazakh partners to the development of the aerospace industry and related services in Kazakhstan through its broad know-how and experience in various aerospace sectors.
Marwan Lahoud, Chief Strategy and Marketing Officer of EADS, stated: “These two agreements are key milestones in the development of our strategic relationship with the Republic of Kazakhstan.”
EADS is a global leader in aerospace, defence and related services. In 2006, EADS generated revenues of € 39.4 billion and employed a workforce of about 116,000. The Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and EADS Astrium, the European leader in space programmes from Ariane to Galileo. Its Defence & Security Division is a provider of comprehensive systems solutions and makes EADS the major partner in the Eurofighter consortium as well as a stakeholder in the missile systems provider MBDA. EADS also develops the A400M through its Military Transport Aircraft Division.
The Kazyna Fund for Sustainable Development, a joint-stock company, was established in April 2006 in order to improve the system of state administration and management in the area of industrial and innovative development and to create favourable conditions for economic growth in the country and achieving a competitive edge.
UKTMP, the sole fully integrated titanium producer in the world from mining through to titanium sponge and semi-finished titanium products, is a leading certified supplier of titanium raw material to the aerospace industry worldwide.
A member of the metallurgical and mining group ERAMET, Aubert & Duval (A&D) is a designer and manufacturer of sophisticated metallurgical products (long products and parts) and a major worldwide supplier to the most demanding industries (aeronautics, power generation, etc.). A&D melts and hot transforms by forging, closed-die forging and rolling special steels, super alloys and aluminium / titanium alloys.
EADS Corporate Media Relations:
| Pierre Bayle |
Tel.: + 33 142 24 20 63 |
| Gregor v. Kursell |
Tel.: + 49 89 607 34 255 |
