Amsterdam, 03
August
2007
EADS specifies the status of its discussions with Libya following media reports concerning defence contracts signed between the two parties:
The contract for anti-tank missiles Milan, which was negotiated by MBDA, a joint venture of EADS (37.5%), BAE Systems (37.5%) and Finmeccanica (25%), was finalized today following a discussion and negotiation phase of 18 months. This contract is awaiting the signature of the Libyan customer and EADS is pleased about this outcome of the negotiations.
The contract for a Tetra system for secured communications has been in discussions since several months and is close to finalisation, but no signature has been made so far.
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. EADS is the major partner in the Eurofighter consortium, develops the A400M military transport aircraft, and holds a stake in the joint venture MBDA, the international leader in missile systems.
