Selex ES and AEL Sistemas sign MoU in advance of new JV

Selex ES, a Finmeccanica company, and AEL Sistemas S.A, “AEL”, Elbit Systems Ltd subsidiary in Brazil, announce they are in the process of negotiating a Joint Venture agreement. At LAAD 2013, the two companies will be signing a Memorandum of Understanding (MoU) reflecting the progress the two companies are making towards a JV Head of Agreement. The Joint Venture is intended to see the two companies collaborate on a broad range of M-scan airborne radar technologies and products. The JV's launch programme will cover the in-country maintenance of the KC-390 aircraft for which Selex ES is providing its Gabbiano T-20 surveillance radar.

This Joint Venture will establish a support capability in Brazil for the Gabbiano T20 radar for the KC-390 and for Brazilian UAV systems. To support the industrial aspirations of Brazil, the parties anticipate the Joint Venture will expand to develop further critical technologies, both at the product and system level in the areas of radars, avionics and homeland security, for both the Brazilian defence market and South America export markets.

Shlomo Erez President of AEL said: “This Joint Venture will bring cutting-edge technology value to Brazil and will enhance AEL’s positioning as an MRO centre of excellence in the territory. Selex ES is a very important player with a distinctive strength in Radars and complex systems. We are confident that in the future we will be able to co-operate in many areas, extending the scope of this Joint Venture to the wider Selex ES portfolio”.

Fabrizio Giulianini, CEO of Selex ES said: “This collaboration will strengthen our presence in Brazil where we are keen to further transfer valuable technologies and create a basis for solid co-development activities. This partnership will sustain enduring growth for both companies”.

Source: Selex ES
Date: Apr 11, 2013