ITT Exelis, EADS North America and CASSIDIAN join forces in electronic warfare
Farnborough, 10 July 2012
ITT Exelis (NYSE: XLS), EADS North America and Cassidian, the defense and security division of EADS, will work together to provide enhanced electronic warfare solutions, particularly in the area of aircraft survivability equipment.
In a memorandum of understanding signed Tuesday at the Farnborough Air Show, the three companies agreed to combine their respective capabilities for targeted global opportunities. One of their first joint projects is expected to be a missile approach warning solution for the U.S. Air National Guard.
“This agreement will help our companies, each with complementary electronic warfare systems, grow in new markets,” said Rich Sorelle, acting president of the Exelis Electronic Systems division. “Cassidian will bring its distinctive products to the U.S. with partners that understand the American defense market, and Exelis will benefit from Cassidian’s knowledge of European defense platforms, as well as its marketing reach in Europe, Asia and Africa.”
"Cassidian capitalizes on a long-standing experience in sophisticated electronic warfare systems," explained Elmar Compans, head of Cassidian Sensors & Electronic Warfare. "As proven by our track record in this area, our skills, combined with the complementary expertise that Exelis brings, will result in optimal, cost-efficient protection solutions for our customers."
”We know what it takes to be a successful prime contractor to the U.S. government, and will continue to bring a wide range of EADS capabilities to the Department of Defense,” said Sean O’Keefe, CEO of EADS North America. “As a U.S. company, we can be closer to our customers and help align Cassidian with American defense requirements and regulations.”
About Cassidian (www.cassidian.com)
Cassidian, an EADS company, is a worldwide leader in global security solutions and systems, providing Lead Systems Integration and value-added products and services to civil and military customers around the globe: air systems (aircraft and unmanned aerial systems), land, naval and joint systems, intelligence and surveillance, cyber security, secure communications, test systems, missiles, services and support solutions. In 2011, Cassidian – with around 28,000 employees – achieved revenues of € 5.8 billion. EADS is a global leader in aerospace, defence and related services. In 2011, the Group – comprising Airbus, Astrium, Cassidian and Eurocopter – generated revenues of € 49.1 billion and employed a workforce of more than 133,000.
CASSIDIAN – Defending World Security
About EADS North America (www.eadsnorthamerica.com)
EADS North America is the U.S.-based operation of EADS, a global leader in aerospace, defense, and related services. EADS contributes more than $12 billion to the U.S. economy annually and supports over 220,000 American jobs through its network of suppliers. EADS North America, headquartered in Herndon, Va., offers a broad array of advanced solutions to meet U.S. military and commercial requirements, including fixed- and rotary-wing aircraft, homeland security systems, public safety communications, defense electronics and avionics, and threat detection systems.
About ITT Exelis
ITT Exelis is a diversified, top-tier global aerospace, defense and information solutions company with strong positions in enduring and emerging global markets. Exelis is a leader in networked communications, sensing and surveillance, electronic warfare, navigation, air traffic solutions and information systems with growing positions in cyber security, composite aerostructures, logistics and technical services. The company has a 50-year legacy of innovation and technology expertise, partnering with customers worldwide to deliver affordable, mission-critical products and services for managing global threats, conflicts and complexities. Headquartered in McLean, Va., the company employs about 20,500 people and generated 2011 sales of $5.8 billion. www.exelisinc.com
John C. Dench
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