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Mon, Nov 08, 2010

EADS, Airbus Welcome A400M Agreement With Customer Nations

Companies Say Overall Economics Remain "Unchanged"

EADS and Airbus say they have concluded negotiations with OCCAR and the seven A400M launch customer nations. The agreement, finalized Friday in Toulouse in the presence of the French Defence Minister Hervé Morin, the national armament directors and other representatives from all customer nations, is the long awaited further detailing of the principle agreement reached in March 2010.


File Photo

While the overall economics of the March agreement remain unchanged, the government payments are now more back-loaded than previously expected. Negotiations on the export levy facility (ELF) scheme are expected to be  finalized before the end of the year.

“The A400M flight test program is making excellent progress and demonstrates the soundness of the product. We are very proud of the achievements so far and are now moving towards the series production by the end of the year”, said Domingo Ureña, Managing Director of Airbus Military.

FMI: www.eads.com. www.airbus.com

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