EADS To Bid For Seven-Billion-Euro Saudi Radar Contract

MILPLEX

Hand out picture released by EADS shows EADS co-chiefs executive Thomas Enders (R) and Noel Forgeard (2ndR) flanked by co-chairmen Manfred Bischoff (C) and Arnaud Lagardere (3rd L) attending a meeting of shareholders in Amsterdam 04 May 2006 along with members of the board of directors Hans Peter Ring (2ndL) and Jean-Paul Gut (L). The European aeronautic and defense group EADS could acquire the 20-percent stake held by Britain's BAE Systems in aircraft manufacturer Airbus in cash, shares or a combination of the two, EADS co-chairman Arnaud Lagardere said Thursday. Photo courtesy of Marquardt, EADS and AFP.

by Staff Writers
Paris (AFP) May 10, 2006
The European aerospace giant EADS said Friday that it planned to bid in Saudi Arabia's tender for a border security radar system, a project worth an estimated seven billion euros (8.8 billlion dollars).

The confirmation came after a press report said Friday that the Saudis had ended negotiations on the project with the French electronics company Thales and thrown the contract open to competition.

"We are well placed" to win the tender for the system, known as Miksa, an EADS executive said.

The contract would run for 12 years, and involves 225 radar installations as well as the supplying of telecommunications equipment and aircraft.

There was no immediate reaction from Thales. Shares in the company fell 0.41 percent to 33.64 euros in morning deals on the Paris stock exchange after the report in La Tribune business daily.

The paper said the contract would now be open to foreign competitors like EADS, Finmeccanica, BAE, and Raytheon.

A decision is expected during 2006.

Source: Agence France-Presse

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