Sagem (Safran group) and Thales have announced the creation of OPTROLEAD, an equally-owned joint venture for optronics. The official signature creating the new company follows the original Memorandum of Understanding signed on December 20, 2011.
OPTROLEADwill be responsible for the sale of future optronic systems, especially for defense applications.
The new company is staking out a position in several major programs, including the optronic payload for the planned upgrade of the French navy's Atlantique 2 (ATL2) maritime patrol aircraft, the imaging system for the future French-British MALE (medium-altitude, long-endurance) drone, modular optronic systems for army combat vehicles, and optronics for tomorrow's helicopters.
The legal documents for the new entity were signed on July 18 by Philippe Petitcolin, Chairman and CEO of Sagem, and Serge Adrian, Chairman and CEO of Thales Optronique SA.
"We have taken an important step forward in consolidating and enhancing synergies within the French optronics industry," said Serge Adrian. "Our new company OPTROLEAD will effectively combine the leading areas of expertise of its two parent companies."
Source: Sagem Defence & Security, A Safran S.A. Company (Paris: SAF.PA)
Date: Jul 27, 2012