Airbus Signs Declaration Of Intent With A400M Launch Customer Nations | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-10-15-18

Airborne Unlimited-10-16-18

Airborne Unlimited-10.10.18

AMA Drone Report-10.11.18

Airborne Unlimited-10.12.18

Airborne-YouTube

Airborne Unlimited-10-15-18

Airborne Unlimited-10-16-18

Airborne Unlimited-10.10.18

AMA Drone Report-10.11.18

Airborne Unlimited-10.12.18

Wed, Feb 14, 2018

Airbus Signs Declaration Of Intent With A400M Launch Customer Nations

Serves As A Milestone To Help Mitigate Program Risks Going Forward

Airbus SE has signed a Declaration of Intent (DoI) with the A400M Launch Customer Nations (Germany, France, United Kingdom, Spain, Turkey, Belgium, Luxemburg) defining the framework for achieving a mutually binding contract amendment later in the year. Airbus, European defence agency OCCAR and the Customer Nations have agreed to work on a number of contractual elements including a revamped delivery plan as well as a roadmap for the development and completion of military capabilities for the A400M.

The DoI, finalised today, represents an important step towards reaching a contractually binding agreement with OCCAR and the Launch Customer Nations in 2018 to mitigate risks and to ensure the future of the program. OCCAR is managing the A400M program on behalf of the seven Launch Customer Nations. This Declaration of Intent provides a new baseline on which to evaluate the A400M contract.

An increase to the Loss Making Contract provision on the program, which may be material, is under assessment for the Full Year 2017 results which will be disclosed on February 15, 2018. With a clear roadmap in place, the remaining exposure going forward would be more limited.

“This agreement with our customers is an important step to further mitigate risks remaining on the A400M program. I thank the nations for their support in this complex effort and hope for their continued engagement until we sign a mutually beneficial contract amendment,” said Tom Enders, Chief Executive Officer of Airbus. “On this basis, Airbus remains committed to the A400M and to providing our customers’ air forces with the best-ever military transport aircraft. However, since its inception in 2003, this program has suffered not only from a number of operational issues but, more importantly, under a flawed contractual set-up and insufficient budget which resulted in significant losses for Airbus as prime contractor. We have a good chance to stop or at least reduce the bleeding now and deliver the capabilities our customers need.”

In February 2017, Airbus called upon the Launch Customer Nations to engage in discussions with respect to readjusting the contractual set-up of the A400M, one of Europe’s most important and largest joint defence collaboration programs ever.

During a Ministerial conference on March 30, 2017 in Madrid, the Launch Customer Nations expressed their willingness to support such a dialogue and to enter into contract adjustment discussions with Airbus.

Since then, Airbus and OCCAR have set up a number of working groups assessing areas requiring adjustments such as delivery planning as well as the military capabilities development roadmap, the results of which have led to today’s DoI.

In view of the ongoing confidential discussions required to reach binding terms, both parties have agreed to refrain from further comment.

(Source: Airbus news release. Image from file)

FMI: www.airbus.com

Advertisement

More News

Airborne 10.15.18: Shakeup at Textron, Sandel Avilon Delivery, ADS-B Rebate

Also: True Blue Power, Airbus Vortex Generators, Gone West: Bruce Whitman, Holding Pattern App There’s been a changing of the guard on the aviation side of Textron.Textron ha>[...]

Airborne 10.12.18: Soyuz Close Call, ONE Aviation BK, Balloon Fiesta v UAVs

Also: Pentagon Grounds F-35s, Pilot Fired, FedEx Offers Bonuses, United Airlines A Russian launch to the ISS, carrying a Russian and American astronaut, was aborted early in the la>[...]

Airborne 10.15.18: Shakeup at Textron, Sandel Avilon Delivery, ADS-B Rebate

Also: True Blue Power, Airbus Vortex Generators, Gone West: Bruce Whitman, Holding Pattern App There’s been a changing of the guard on the aviation side of Textron. Textron h>[...]

AMA Drone Report 10.11.18: MultiGP/DRL Join Up, Hurricane Warning, EAA Support

Also: Airspace Authorization Expire?, MOSAIC Proposal, New LAANC Providers, FAA Targets UAS Violators The 2018 MultiGP Drone Racing Championship and 2019 DRL Swatch Tryouts eSports>[...]

ANN's Daily Aero-Linx (10.15.18)

Aero Linx: WASP on the WEB During World War II, a select group of young women pilots became pioneers, heroes, and role models...They were the Women Airforce Service Pilots, WASP, t>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC