Terma and Eurofighter sign Co-operation Agreement

(Halbergsmoos/Lystrup, September 2006) -- The background for the agreement is deliberations by the Danish government on which aircraft to select for the replacement of the F-16 during the coming years. The Eurofighter is among the three candidates for the replacement. A final decision is expected within the next two-three years. With this MoU, Terma and the Eurofighter Consortium are in a good position to pursue the industrial possibilities together in the event that the Eurofighter is selected. Terma, as the leading Defence and Aerospace Company in Denmark, has unique knowledge and experience in the design and production of aircraft structural parts, military electronics and control, and integration of electronic warfare systems for all types of military aircraft. The Eurofighter Consortium is the lead manufacturer in Europe of fighter aircraft, with great expertise in aircraft design and production, international co-operation, and with customers in several countries. This MoU between the Eurofighter Consortium and Terma forms a good basis to bring together the expertise of the two parties resulting in good value for potential customers and also to sound and profitable business relations between the parties. Aloysius Rauen, CEO of Eurofighter GmbH comments: "We have demonstrated over the years that the spirit of partnership is a vital element of the Eurofighter program. This agreement with Terma will further extend the possibilities of the Eurofighter Consortium to reach potential export customers." Jens Maaloe, President & CEO of Terma A/S comments: "The selection of Denmark's future fighter aircraft is expected within two-three years. Among the candidates for the replacement of the F-16 is the Eurofighter Typhoon. With the competencies that we possess within aerostructures, electronic warfare, and other avionics systems, we believe that we can add operational value to the Eurofighter that will benefit the customers, Terma and the Eurofigther Consortium alike."

Source: Terma
Date: Sep 6, 2006

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