Mar 16 2006
BAE Systems has signed a partnership agreement with Hellenic Aerospace Industry SA (HAI) of Greece, under which the two companies will examine potential areas of co-operation in both the Greek domestic and export markets.
The new agreement commits the two companies to establishing a joint working group to examine potential partnership opportunities in a number of business areas. This includes electronic warfare systems, Unmanned Aerial Vehicles (UAVs) and associated technologies plus aerostructures and composite structure manufacturing, among others.
The agreement was signed at the HAI facility in Tenagra, Greece, by Mike Mendoza, BAE Systems’ managing director for international partnerships and Tassos Philippakos, chief executive of HAI.
Welcoming the agreement, Tassos Philippakos comments, “This agreement broadens the spectrum of HAI’s technological, productive and research capabilities in innovative sectors like electronic systems in which BAE Systems has advanced technological know-how and manufacturing experience.”
“Mutually beneficial partnerships are central to BAE Systems global business philosophy. We are delighted to enter into this strategic alliance with HAI, a leading aerospace and defence company, and look forward to a long term relationship covering a wide range of defence and aerospace technologies,” adds Mike Mendoza.
BAE Systems, with a strong presence in both Europe and the United States, has built a significant capability to deliver the widest range of military aircraft, combat vehicles, surface ships, submarines, radar, avionics, communications, electronic and guided weapon systems to its customers.
In addition to becoming involved in the areas of product development and manufacturing, HAI will also benefit from BAE Systems’ knowledge and experience of logistics support, network enabling capabilities plus aircraft modification and upgrade.
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