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Strategic Alliance Agreement between HAI and Indra Espacio Hellenic Aerospace Industry S.A. (HAI) Strategic Alliance Agreement between HAI and Indra Espacio Strategic Alliance Agreement between HAI and Indra Espacio Mr Tassos Philippakos, Chief Executive Officer of Hellenic Aerospace Industry S.A. (HAI) and Mr Jose Maria Marti Fluxa, General Manager of Indra Espacio SA signed today a strategic alliance agreement between the two companies, in the presence of Mr George Mergos, General Secretary of the Ministry of Economy and Finance, Mr Theodoros Damianos, HAI Chairman of the Board and Mr Panagiotis Papadakis, HAI Vice Chairman of the Board. The agreement is within HAI business pursuit plans that focus on the establishment of strategic alliances with leading companies in the aerospace field. Under this agreement, the work to be assigned by Indra Espacio to HAI will be worth 50 million euro in the next five years, while both companies confirm their intention to co-operate on specific areas of mutual interest including electronic system upgrades, development and design tactical and strategic communication network surveillance systems, simulation systems, etc. Mr Philippakos and Mr Marti underlined the great importance of the agreement and the fact that both companies will benefit from this co-operation, which is the result of the recognition both countries have to each other??™s Defense Industry capabilities. Armor Holdings, Inc. Receives Orders for $12.2 Million For Heavy Vehicle Armor Components Armor Holdings, Inc. JACKSONVILLE, Fla. -- Armor Holdings, Inc., a leading manufacturer of security products and vehicle armor systems, announced today that it has received orders for armor components totaling $12.2 million to support the U.S. Army Tank-automotive and Armaments Command (TACOM). The Company will provide equipment for the FMTV, HEMTT and PLS vehicles including such items as armor panels, ballistic glass, gun turret assemblies and product support. Work will be completed in 2005 at the Armor Holdings Aerospace and Defense Group facilities in Fairfield, Ohio and Phoenix, Arizona. Robert Schiller, President of Armor Holdings, Inc., said, "We are pleased to continue as an integral part of the Army`s vehicle armoring effort to achieve improved force protection and survivability for our deployed forces. We also view this important work as critical in preparing the Company for significant participation in the emerging opportunities over the years ahead as the U.S. Army tactical wheeled vehicle fleet is transformed to include vehicle armoring as a major sub-system." Armor Holdings, Inc. is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets. |
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