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See Also: Eads, Colorado The European Aeronautic Defence and Space Company EADS N.V. ('''EADS''') is a large Europe an aerospace corporation, formed by the merger on July 10 , 2000 of Aérospatiale-Matra of France, Construcciones Aeronáuticas SA (CASA) of Spain, and DaimlerChrysler Aerospace AG (DASA) of Germany. The company develops and markets civil and military aircraft, as well as missiles, space rockets, satellites, and related systems. HISTORY AND ACTIVITIES EADS was formed by its member companies in July 2000, to become the world's second largest aerospace company (after Boeing ). EADS is also the second-largest European Arms Manufacturer (after BAE Systems .) In early 2001 EADS and its partner in Airbus, BAE Systems, agreed to establish it as a fully integrated company. Airbus formally achieved this on 12 July 2001. This new arrangement saw the shareholdings established at 80% (EADS) and 20% (BAE). In April 2001 EADS agreed to merge its missile businesses with those of BAE Systems and Alenia Marconi Systems (BAE/ Finmeccanica ) to form MBDA . EADS took a 37.5% share of the new company which was formally established in December 2001. On 16 June 2003 EADS acquired BAE's 25% share in Astrium , the satellite and space system manufacturer, to become the sole owner. EADS renamed the company EADS Astrium . In November 2003, EADS announced that it was considering working with Japanese companies, and the Japanese METI , to develop a Hypersonic Airliner intended to be a larger, faster, and quieter, replacement for the Concorde , which was retired in October the same year. Management EADS operates with two co-, François David , Juan Manuel Eguiagaray , Thomas Enders , Noël Forgeard , Louis Gallois , Rüdiger Grube , Jean-Paul Gut , Arnaud Lagardère , Hans Peter Ring , Michael Rogowski . In late 2004 Noël Forgeard (then Airbus CEO) was nominated by Lagardère as the next French CEO of EADS. Forgeard had suggested that this system should be abolished in favour of a single CEO in a move that DaimlerChrysler saw as an attempt to engineer a French dominated management team. Following protracted arguments, which caused embarrassment to EADS at the Paris Air Show , the appointment was confirmed by the EADS Board of Directors on June 25 , 2005 . At the same meeting the Board, in consultation with partner BAE Systems, named Gustav Humbert as President and CEO of Airbus. On June 2 , 2006 co-CEO Noël Forgeard and Airbus CEO Gustav Humbert resigned following the controversy caused by the June 2006 announcement that deliveries of the A380 would be delayed by a further six months. Forgeard was also under pressure due to the fact that he had sold EADS stock weeks before the A380 announcement which caused a 26% slump in the share price. EADS DIVISIONS Airbus Division See Also: Airbus Airbus S.A.S. was 80% owned by EADS, with BAE Systems owning the remaining 20%. In September 2006, both companies announced a transaction of all stock from BAE Systems to EADS, meaning that Airbus will be fully owned by EADS. Airbus headquarters are located in Toulouse , France . On , 2006 On 2006 On 6 September 2006 , BAE agreed to sell its stake in Airbus to EADS for £1.87 billion (€2.75 billion, $3.53 billion), pending BAE shareholder approval. 1 The deal closed on October 13 , 2006 . Eurocopter Division See Also: Eurocopter Group Eurocopter is a manufacturer of light and medium civil and military helicopters. The CEO is Fabrice Brégier and the headquarters are in Marignane , France. Military Transport Aircraft Division EADS produces military transport aircraft, mainly through Airbus' majority ownership of Airbus Military . It is the developer and manufacturer of the Airbus A400M , a competitor to Lockheed Martin's C-130 Hercules . It manufactures the A310 MRTT and A330 MRTT conversions. Within the 2007 US defense budget the USAF has set aside $8.5 billion to buy aerial refueling tankers, starting with four per year from 2010- 2013 and rising to 15 a year starting in 2014. Boeing and EADS North America would compete for this program, replacing a single-source tanker program that was slated for Boeing. EADS Astrium See Also: EADS Astrium EADS Astrium is the result of the merger of the EADS Space subsidiaries EADS Astrium, EADS Space Transportation and EADS Space Services into a single company, on 1 July 2006. The three companies became business units on that day. In July 2006 EADS announced that the newly merged company had been given the name "ASTRIUM - an EADS company", however on December 11th, 2006 the company introduced a new logo with François Auque (the EADS Astrium CEO) announcing the space division would instead be called "EADS Astrium". There are three business units; EADS Astrium Satellites , EADS Astrium Space Transportation and EADS Astrium Space Services. EADS Astrium (then EADS SPACE) also purchased Dutch Space (former space division of Fokker ) in November 2005. EADS is a major contributor to the International Space Station , and is expected to deliver Columbus in 2007 through its subsidiary EADS Astrium Space Transportation . Defence & Security Systems Division Typhoon (EADS participation < 50%) ]] The Defence & Security Systems division consists of five sub-divisions.
FiReControl In March 2007, the Fire Service Minister control rooms in England from the current 46, to nine 'regional control centres' over the coming years. EADS North America EADS North America is the U.S. holding company for the North American activities of EADS. It is chaired by Ralph Crosby. Other EADS Socata is a manufacturer of small aircraft. Dresden Elbe Flugzeugwerke (EADS EFw) convert aircraft into freighter. SHAREHOLDERS As of 31 December 2004 , about one-third of EADS stock is publicly traded on six European stock exchanges and the rest is divided among three major shareholders. {Link without Title} {Link without Title}
On July 17 , 2004 '' The Economist '' reported that the three major shareholders, DaimlerChrysler, SOGEADE and SEPI, intend to sell their shares by 2006–2007. DaimlerChrysler would like extra capital to invest in its core activities, Lagardère wants to withdraw from defence aerospace, and the French government is pursuing privatisation where appropriate. On ''. April 11 , 2006 . On . August 30 , 2006 . Now its share is nearly 6%. On October 3 , 2006 , shortly after EADS admitted further delays in the Airbus 380 program would cost the company 4.8 billion euros in lost earnings in 2010, EADS shares, traded on the Paris arm of Euronext, were suspended after they surpassed the 10 per cent loss limit. Trading resumed later in the day with the one day loss holding at 7 per cent {Link without Title} . In October 2005 the British Ministry Of Defence warned European politicians to stop, as it sees it, interfering in the corporate governance of EADS. The UK Defence Procurement Minister Lord Drayson has hinted that the UK government, a major customer for EADS, may withhold future contracts. "As a key customer, we see it as important for EADS to move in a direction that is free from political interference." 2 CRITICISM Cluster bombs As a result of criticisms, the Norwegian Government Pension Fund - Global’s Advisory Council On Ethics recommended, in 2005, that the Ministry of Finance should exclude this company from the Pension Fund , arguing that EADS manufactures “key components for Cluster Bomb s.” As a result, since 2 September 2005 , EADS and its sister company EADS Finance BV have been excluded from the investment Portfolio s of the Norwegian Government Pension Fund.[http://odin.dep.no/fin/english/topics/pension_fund/p10002777/pressreleases/006071-070662/dok-bn.html Press Release: A Further Eight Companies Excluded from the Petroleum Fund]Although frequently clarified by EADS, some groupings continue to claim that EADS is engaged in the production of antipersonnel mines or other internationally outlawed weapons or munitions. This is not the case. EADS and its subsidiaries fulfil all the conditions of the Ottawa Treaty. No product of EADS or its subsidiaries falls into the category of antipersonnel mines as defined by the Ottawa Treaty ("landmines under the Ottawa Treaty"). Over and above this, all activities undertaken by EADS are in accordance with the national and international rules and regulations that apply to the company. In April 2006 the Council on Ethics for the Government Pension Fund – Global declared that the basis for excluding EADS from investments related to production of cluster munitions is no longer valid. There is no longer a basis for exclusion of the company from investments related to involvement in the production of cluster munitions. The exclusion of EADS from the investment universe of the Government Pension Fund – Global has been reviewed EADS owned the company TDA in a joint venture with the company Thales S.A. and TDA produced the mortar ammunition PR Cargo, which can be considered cluster ammunition. Even though EADS no longer owns TDA, it still owns MBDA, which is involved in the development of the nuclear missile M51. Because of this the Norwegian policy towards EADS hasn't changed. The exclusion of EADS from the investment universe of the Government Pension Fund – Global has been reviewed Bribery In 2003 Tony Yengeni, former chief whip of South Africa's ANC, was convicted of fraud relating to an arms deal with South Africa, in which EADS were major players Jailed Yengeni shows no remorse , worth around $5bn. The BBC reported that EADS had admitted that it had "rendered assistance" to some 30 senior officials to obtain luxury vehicles, including defence force chief General Siphiwe Nyanda. Top ANC official resigns Alleged insider trading News reports in June 2006 focussed on possible Insider Trading at EADS. Joint CEO Noël Forgeard made a 2.5 million Euro profit on the sale of EADS shares just weeks before news was released of delays to the A380 . SEE ALSO REFERENCES EXTERNAL LINKS
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