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. These include electronic warfare systems, Unmanned Aerial Vehicles (UAV) and associated technologies, plus aerostructures and composite structure manufacturing, among others. 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.
Welcoming the agreement, Tassos Philippakos, chief executive of HAI, commented, "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," said Mike Mendoza, BAE Systems’ managing director for international partnerships. "We are delighted to enter into this strategic alliance with HAI, a leading aerospace and defense company, and look forward to a long-term relationship covering a wide range of defense and aerospace technologies."