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Hellenic Aerospace Industry signs agreement with BAE Systems November 30, 2006

Posted by grhomeboy in Business & Economy.
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Hellenic Aerospace Industry (HAI) is set to become involved in the manufacture, further development and marketing of one of the world’s most advanced long range maritime radar systems (HFSWR).

The announcement, made today, follows the signing of a new memorandum of understanding (MoU) between leading global defence and aerospace company BAE Systems and HAI, the largest defence and aerospace industry in Greece.

Under the terms of the MoU HAI will lead on all regional marketing activities for BAE Systems’ over the horizon maritime surveillance radar. The company will also take responsibility for the manufacture and integration of the technology with existing operational systems and command and control (C2) technology. The two partners anticipate potential international and domestic sales of more than €20 million over the next two to three years.

As a result of this new alliance HAI will offer an integrated maritime surveillance solution, combining the long range surveillance capabilities of HFSWR with the short range surveillance of equipment already in service. The company will also oversee the integration of the SPIDER multi-sensor situational awareness C2 system.

In announcing the agreement Alastair Imrie, BAE Systems executive committee member, said: “This agreement recognises the high level of skills and capabilities of the HAI workforce, with whom we have had a developing relationship since March this year. BAE Systems is proud of its reputation for delivering mutually beneficial industrial partnerships and I look forward to a long and successful relationship with the HAI team.”

Welcoming the agreement, HAI Chief Executive, Tassos Phillipakos, added: “Signing this MoU means that HAI and BAE Systems will combine their respective skills in order to create new abilities for developing, producing and delivering integrated surveillance solutions, incorporating HFSWR technology. Also, with this cooperation, both companies will have the opportunity, to expand their business activities worldwide by taking advantage of all the new financial and technological opportunities that are going to be offered by promoting this product”

HFSWR offers a low cost, all weather solution providing 24hr surface and air surveillance of maritime waters from ranges of 15km out to over 200km from shore. HFSWR delivers situational awareness, underpinning the effective operations of airborne and surface assets engaged in maritime security and law enforcement roles.

HFSWR is a land based, long range over the horizon radar system that enables maritime law enforcement and security agencies to maintain a constant picture of surface and air activity. When combined with data and intelligence from other sources appropriate to tactical objectives, HFSWR facilitates an awareness of maritime activity previously only achieved by standing airborne and surface patrols.

Relatad Links >
Hellenic Aerospace Industry S.A. (HAI) www.haicorp.com

BAE Systems www.baesystems.com

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