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Industry News

Aerospace Agreement is all Greek to BAE Systems

May 11, 2006
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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, etc.

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, Mike Mendoza, BAE Systems’ managing director for international partnerships, commented, “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.”

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