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 headqusrters are in Ottobrunn, south of Munich. EADS Operates with 2 co-CEO's, currently (May 2004) Philippe_Camus and Rainer_Hertrich.

History and activities

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. 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.

Subdivisions

  • Airbus_Industrie. EADS owns 80% of Airbus - joint ownership with BAE_Systems which oiwns the remainging 20% (May 2004))
  • Military Transport Aircraft (behind the A400M competitor to Lockheed Martin's Hercules)
  • Aeronautics
  • Space
  • 100% shareholder in satellite company EADS Astrium (after buying out BAE Systems' 25% stake on January 30, 2003)
  • 100% shareholder in EADS_Space_Transportation, responsible for the Ariane launchers and orbital systems such as the Columbus_orbital_facility.
  • 100% shareholder in EADS_Space_Services, formed mostly from Paradigm_Secure_Communications_Ltd, a defense satellite operator for the UK MoD (operating the Skynet_5 system)
  • 28% shareholder in space transport operator Arianespace (largest commercial shareholder)
  • Defence and Security Systems
  • Defence Electronics, the sensors and avionics house of EADS
  • Military Aircraft
  • Dassault_Aviation (45.76%), manufacturer of fighters and other military aircraft
  • Eurocopter_Group (100% ownership), manufacturer of light and medium civil and military helicopters
  • Missiles
  • MBDA (37,5%)
  • LFK
  • Defence and Communications Systems, system house
  • Services

    Shareholders (October 2002)

  • Publicly traded 33.8% (Paris_stock_exchange, Frankfurt_stock_exchange, Madrid, Bilbao, Barcelona and Valencia stock exchanges)
  • SOGEADE 30.3%
  • DaimlerChrysler 30.3%
  • SEPI 5.6%

    Criticism

    Like any large industrial conglomerate which manufactures weaponry, EADS has been subjected to criticism. Alleged wrongdoings include:
  • The delivery of weapons to non-NATO countries without due consideration for the political situation and the economic consequences and to countries where there is an arms_race going on
  • Using bribes in order to further sales in South_Africa

    External links

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