Info - EADS Defence & Security in Spain signs industrial support contract for Eurofighter

• 150-million-euro contract will run for 10 years • First shared risk agreement signed with the Spanish Air Force The Military Air Systems (MAS) Business Unit of EADS Defence & Security in Spain recently signed a contract with the Spanish Air Force to provide the ON Aircraft Scheduled Inspections Industrial Service (OASIIS) for the Eurofighter aircraft being operated at Morón Air Base near Seville. Worth 150 million euros, the contract will run for 10 years and includes scheduled maintenance activities and the procurement and management of consumables for the Eurofighter fleet. It is a performance-based contract in which the industry takes on risks and responsibilities associated with the fulfilment of availability criteria. This translates into a system of financial bonuses and penalties with the objective of fostering continuous improvement. EADS Defence & Security in Spain has been supporting the Air Force since 2003 in Getafe and since 2004 at Morón Air Base in all activities associated with the commissioning and operation of the Spanish Eurofighter fleet. Enrique Barrientos, CEO of EADS Defence & Security in Spain, commented: “This is the first time we have signed this kind of shared risk agreement with the Air Force and I believe it could form the basis for more logistical support contracts in the future.” Military Air Systems (MAS) is an integrated activity of EADS Defence & Security (DS). DS is a systems solutions provider for armed forces and civil security worldwide. Its portfolio ranges from sensors and secure networks through missiles to aircraft and UAVs as well as global security, service and support solutions. In 2008, DS – with around 23,000 employees – achieved revenues of € 5.7 billion. EADS is a global leader in aerospace, defence and related services. In 2008, EADS generated revenues of € 43.3 billion and employed a workforce of about 118,000.