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BAE, Finmeccanica Re-jig AMS Unit (Dec. 20)



On 18th December 2001, BAE Systems and Finmeccanica created the new AMS Group signing the final documents completing the transaction.

As a result, Combat and Radar Systems Limited (CaRS) previously part of BAE Systems has joined AMS today. In addition, the missile activity has been transferred to the newly created European missiles company, MBDA, a joint venture between Finmeccanica, BAE Systems and EADS.

AMS will continue to work with the new European missiles company on existing joint projects and on joint developments for the future. AMS and MBDA have agreed that each will have preferred partner status with the other.

AMS is a major European joint venture company owned equally by Finmeccanica and BAE Systems. It specialises in designing, manufacturing and supplying radars and mission critical command, control and management systems to defence forces and civil air traffic authorities throughout the world.

The company is estimated to have an annual turnover of Euro1.2 billion and a healthy order book of Euros 4 billion which underpins its ambitious growth plans for the next four years. In addition it has an established international customer base in over 100 countries.

David Singleton, AMS CEO said; "As a result of these transactions AMS will be more dominant in its chosen markets through increased product range and market access, enhanced competitive positioning and improved market share."


BACKGROUND NOTES:

AMS has:

--Won the last 2 NATO land based air defence contracts;
--Won 25 major ATC orders in the last 18 months;
--A lead role in NATO Ballistic Missile Defence;
--An enlarged shareholding in NATO ACCS comparable with Thales and Raytheon;
--Supplied 2 out of the 3 Multifunction radars under development worldwide;
--Established itself as the dominant radar and CMS supplier on Type 45 and Horizon frigates and as a result is well positioned for export prospects;
--Supplied the Italian national Vessel Traffic Management System;
--Been selected to supply the new Italian aircraft carrier NUM with its surveillance radar, data transfer system, navigation system, combat management system and METOC, along with a preliminary integration and combat systems study;
--Been selected as the sole supplier of radars and CMS to all Royal Navy capital ships, both surface and sub-surface;
--Established itself as the largest foreign supplier to the Republic of Korea's Navy for combat and sensor systems;
--Forged joint ventures and partnerships in Malaysia for the transfer of technology to Malaysia and the long-term support of users in Malaysia, including the Royal Malaysian Navy, the Royal Malaysian Air Force and Malaysian Civil Aviation Authorities;
--Won the Astute Class (submarine) 30 year training provision contract;
--Won the significant contract for the Sea Wolf Mid-Life Update (SWMLU)


Shares in MBDA are being held equally, on behalf of the parent companies (BAE Systems, EADS and Finmeccanica) by two holding companies, MBDA H and AMS H.

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BAE Systems and Finmeccanica Strengthen AMS