Cassidian takes 51 per cent of Rheinmetall Unmanned Aerial Systems activities
Cassidian and Rheinmetall have agreed to pursue Rheinmetall’s Unmanned Aerial Systems (UAS) activities together in a Joint Venture.
It was agreed in a contract that Cassidian should hold 51 percent and Rheinmetall 49 percent of the shares in the newly established Joint Venture. The ownership interests are to be assigned to Cassidian by mid-2012 once all the necessary authorisations and antitrust approvals have been granted.
The Joint Venture, counting about 160 employees, will continue the following activities in Bremen: manufacturing of the unmanned reconnaissance system KZO (Kleinfluggerät Zielortung) ; work on the Heron UAS in the SAATEG (system for imagery reconnaissance deep in the area of operations) programme, which enables the Bundeswehr to use long-range unmanned reconnaissance systems for the first time.
The joint venture also plays a significant part in the success of the world’s largest passenger airliner, the A380, with its cargo loading system in the lower deck. This system made in Bremen is installed in all A380 aircraft – as well as in several other Airbus models – and will also be fitted in the Bundeswehr’s A400M transport aircraft in the future.
For Cassidian, the incorporation of this sector of Rheinmetall is an ideal supplement to its existing UAS product portfolio. Rheinmetall’s Bremen-based subsidiary Rheinmetall Defence Electronics GmbH firmly expects this step to improve the opportunities for development of its Airborne Systems product unit and secure sustainable long-term prospects for it.
From the point of view of both partners, the Joint Venture will give the Airborne Systems product unit access to broader development resources and international market access opportunities that had not so far existed to any comparable extent and will thus secure jobs at the Bremen site.