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Airbus parent EADS teams with Raytheon for Pentagon bid

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posted on May, 10 2005 @ 08:38 PM
The European company EADS is continuing it's efforts to secure a position in the US defense market. They are now teaming up with Ratheon to bid on a cargo plane project, smaller than C130 and C17, in a deal estimated at $1 billion.

The parent firm of European aircraft maker Airbus has teamed with US-based Raytheon to bid on a US army cargo plane contract, the two companies announced Tuesday.

The announcement from EADS North America is the latest in a series of moves by European defense firms to get more Defense Department business.

The companies will bid to build a plane used to fly cargo, soldiers and materiel from primitive airfields, in a project known as the Army's Future Cargo Aircraft (FCA) program.

The European Aeronautic Defense and Space Company, the main shareholder of Airbus, would get a key foothold in the US military area if the bid is successful.

If EADS/Airbus are really going to compete globally with Boeing, I think they really need to be working on more defense projects like this one.

[edit on 10-5-2005 by AceOfBase]


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