European Aeronautic Defence and Space Company Guide, Meaning , Facts, Information and Description
European Aeronautic Defence and Space Company (EADS) is a large European industrial corporation of the aerospace business, formed by the merger on July 10, 2000 of Aerospatiale-Matra of France, Dornier and DaimlerChrysler Aerospace AG (DASA) of Germany, and Construcciones Aeronáuticas SA (CASA) of Spain. As of 2003, EADS employs more than 100,000 people at 70 production sites worldwide. Legally incorporated in Amsterdam, its corporate headquarters are located in Ottobrunn, south of Munich.EADS operates with two co-CEO's, currently Philippe Camus and Rainer Hertrich.
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2 Subdivisions 3 Shareholders (July 2004) 4 Criticism 5 See also 6 External links |
EADS was formed by its member companies in July 2000, to become the world's second largest aerospace company (after Boeing). EADS is also the second-largest European arms manufacturer (after BAE SYSTEMS.) The company develops and markets civil and military aircraft, as well as missiles, space rockets, and related systems.
In November 2003, EADS announced that it was considering working with Japanese companies, and the Japanese METI, to develop a hypersonic airliner intended to be a larger, faster, and quieter, replacement for the Concorde, which was retired in October the same year.
EADS is a major contributor to the International Space Station, and is expected to deliver the Columbus Laboratory Module in 2004 through its subdivision EADS SPACE Transportation.
EADS, seen very much as a European, rather than global, company by America would benefit from increased ownership by that country's major investors. This, and an increased manufacturing presence in North America would increase the prospects of orders from the DoD, a position BAE Systems already enjoys.
Like any large industrial conglomerate which manufactures weaponry, EADS has been subjected to criticism.
Alleged wrongdoings include:
This is an Article on European Aeronautic Defence and Space Company. Page Contains Information, Facts Details or Explanation Guide About European Aeronautic Defence and Space Company History and activities
Subdivisions
EADS owns 80% of Airbus in a joint ownership with BAE Systems which owns the remaining 20% (May 2004))
Shareholders (July 2004)
On July 17 2004 The Economist reported that the three major shareholders, DaimlerChrysler, SOGEADE and SEPI, intend to sell their shares by 2006–2007. DaimlerChrysler would like extra capital to invest in its core activities, the Lagardère Group (controls Désirade) wants to withdraw from defence aerospace, and the French government is pursuing privatisation where appropriate.Criticism
See also
External links