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.”
Date: Jul 10, 2012