EADS forms new Defence & Security Division
Amsterdam, 11 April 2003
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Combining EADS Defence and Civil Systems Division and Military Aircraft business
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Creation of EADS System House
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Division to have revenues of € 5 billion
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Tom Enders to head new division
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24,000 employees in nine countries
EADS, the second largest global aerospace and defence company, is integrating and strengthening its defence and security business by realigning its defence electronics, military aircraft and telecommunications activities. The company announced on Friday that the new division will be headed by Tom Enders (44) and named EADS Defence & Security Systems. The division will continue to be headquartered in Munich.
Commenting on this important development, EADS CEOs Philippe Camus and Rainer Hertrich said, “EADS Defence & Security will build upon our formidable strengths as a truly global defence systems powerhouse. Growing our capabilities and business revenues in defence is a core strategic priority for the group. A full integration of our operations and offering within one division will move us substantially towards this goal. With Tom Enders at the helm, we have every confidence that the new division will be a driver of change in transformational defence technology and systems.“
Looking to increase its role as a leading prime contractor in defence and security initiatives globally, the new EADS Defence & Security division will enable EADS to offer customers and shareholders alike, greater scope and value.
“Customers are increasingly looking for innovative and integrated systems solutions to pursue their various transformation efforts. We are meeting those requirements with a leading-edge stronger industrial organisation,” Tom Enders said. “In particular, EADS Defence & Security Systems will increase our position and product offering in the areas of manned and unmanned mission systems, air defence systems, information, telecommunications and command and control systems, as well as new, network-enabling capabilities.”
With five billion Euros in revenue and 24.000 employees in nine different countries, EADS Defence & Security will incorporate the following business lines: Missile Systems; Military Aircraft; Sensors and Electronics; Defence and Information Systems; Services. Through the merger of the current business units Telecom and S&DE, EADS is creating a fully-fledged “system house” comprising the entire C4ISR chain, air defence systems and secure telecommunications systems as well as future large systems integration capabilities. The Division will also include a new concept development, simulation and experimentation entity to develop innovative systems solutions.
The EADS CEOs have tasked Tom Enders to develop in detail the structures and organisation for the Defence & Security Division. His focus will be on integrated, cross-business unit products and market approaches. The new organisation structure will be submitted for EADS Board approval at the end of May.
About EADS:
EADS is a global aerospace and defence company and is the world’s second largest in terms of revenues with € 29.9 billion in 2002. Its overall defence business has been in excess of € 6 bn in 2002 and is expected to rise to € 9 bn in 2004. EADS has a workforce of more than 100,000 and is a market leader in defence technology, commercial aircraft, helicopters, space, military transport and combat aircraft, as well as related services. It’s family of leading brands includes the commercial aircraft manufacturer Airbus, the world's largest helicopter manufacturer Eurocopter, the space company Astrium and MBDA, the world’s second largest missile company. EADS is the biggest partner in the Eurofighter consortium and heads the A400M military transport aircraft programme. The company has over 70 sites in Germany, France, Great Britain and Spain. It is active in many regions worldwide, including the U.S., Russia and Asia.
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