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EADS and Airbus welcome A400M agreement with customer nations

Written by thomas · Filed Under Defense 

November 5, 2010

thomas

EADS and Airbus welcome the conclusion of negotiations with OCCAR and the seven A400M launch customer nations. The agreement, finalised today in Toulouse in the presence of the French Defence Minister Hervé Morin, the national armament directors and other representatives from all customer nations, is the long awaited further detailing of the principle agreement reached in March 2010.
While the overall economics of the March agreement remain unchanged (for details see the EADS press release from 5 March 2010 – attached), the government payments are now more back-loaded than previously expected. Negotiations on the export levy facility (ELF) scheme are expected to be finalized before the end of the year.
“The A400M flight test programme is making excellent progress and demonstrates the soundness of the product. We are very proud of the achievements so far and are now moving towards the series production by the end of the year”, said Domingo Ureña, Managing Director of Airbus Military.

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