Thales and Elettronica have signed a Memorandum of Understanding (MoU) to strengthen their industrial and commercial operations and relations in the aerospace and defence business. The aim of the agreement is to explore joint initiatives and pursue growth business opportunities in the Electronic Warfare (EW) segment.
“This MoU extends the area of our long-standing business relationship and both companies believe that it represents a fundamental step for growth in Europe and the International Market,” said Enzo Benigni, Chairman and CEO of Elettronica SpA. The two companies are already leaders in aerospace and defence technology and this new collaboration will offer even more synergisms to customers worldwide, building the largest EW pole in Europe.
Under this MoU and the leadership of an Executive Steering Committee, Thales and Elettronica launch at Farnborough a new solution in airborne self-protection systems and will develop areas for larger cooperation in the EW segment.
The reinforcement of this already tight relationship may become one important success factor for the two companies in the next years leading to an increased market share based on competitive offers and wide portfolio solutions and technologies.
“The signature of this MoU strengthens cooperation between Thales and Elettronica which relies on successful partnerships in the last decades such as the French and Italian naval programmes Horizon, Fremm and the French Fighter Mirage 2000. This cooperation has allowed the French and Italian defense industry to excel in innovation” said Patrice Caine, Chairman and CEO of Thales.