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A IrBus Defence and Space, formerly EADS Astrium, intends to sell some of its assets, the company dubai air show 2011 announced on 16 September. One of the departments that want to give up the company, satellite communication services, especially mobile. Changes to allow the company to focus on its core business: aerospace, military aircraft, rockets, etc. According to the company sold part of the company will have a better chance to develop in the structures of another owner.
It is not known exactly which company divisions are sold. It is known that this service will not be provided to clients dubai air show 2011 of government. Will certainly be sold Vizada company, bought in 2011, a company selling commercial mobile satellite services. Vizada, which is, for example, a distributor of Inmarsat services, was bought for 960 million. USD. Counting 700 employees the company in 2011 generated sales of 660 million. dubai air show 2011 USD, while maintaining a profit of 95 million. EBITDA USD. For sale is reached in the middle of 2015.
As said in a statement Airbus executives, the company dubai air show 2011 is not ready for investments that would have to incur to ensure the development of the branches dubai air show 2011 of your business. The company wants to sell its subsidiaries that generate a total of approx. 2 billion revenue. However, not all of the financial result of which is recognized directly in the accounts of the company. Its total annual turnover is currently estimated at 14 billion euros.
"Given the tight budgetary situation in our countries and increasing competition in the global market portfolio review is an essential element in the further development of our capabilities in the defense and aerospace industry, and to ensure its competitiveness," said executive director of Airbus Defence and Space Bernhard Gerwert, quoted in statement.
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