EADS Defence & Security and ODEBRECHT Organization join forces in Brazil to forge a long term partnership

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- Joint Venture intends to address the defence and security market in Brazil and other countries where synergies can be identified between the 2 companies
- Joint Venture is committed to become reliable, competent and trusted partner to the Armed Forces, Governmental Organizations and other local industry

EADS Defence & Security (DS) and ODEBRECHT Organization join forces in the fields of defence and security technology. During a signing ceremony in Munich, DS and ODEBRECHT announced the planned formation of a joint venture company based in São Paulo, Brazil.

Dr. Stefan Zoller, CEO EADS Defence & Security, stated: "We are a high tech company driving the development of integrated system solutions for armed forces and civil security worldwide. We are proud of joining forces with one of Brazil's biggest reputable companies. Our joint venture is proof of our commitment to Brazil. EADS Defence & Security would like to move beyond just providing high technology sales to Brazil by creating a Brazilian Industrial base with the development of a long term partnership including the transfer of technology wherever necessary."

Mr. Marcelo Odebrecht, CEO ODEBRECHT, stated: "This is an important moment for ODEBRECHT. Our objective is to strengthen our operations in the area of defence and public security, creating a partnership with one of the global leaders from this sector to better serve our clients in Brazil and abroad through an industrial platform established in Brazil with full capacity for the absorption and the development of stateoftheart technologies".

EADS Defence & Security is a systems solutions provider for armed forces and civil security worldwide. Its portfolio ranges from sensors and secure networks through missiles to aircraft and UAVs as well as global security, service and support solutions. In 2009, DS - with around 21,000 employees - achieved revenues of € 5.4 billion. EADS is a global leader in aerospace, defence and related services. In 2009, EADS generated revenues of € 42.8 billion and employed a workforce of about 119,000.

ODEBRECHT is a Brazilian multinational organization that has been operating for 66 years in the sectors of heavy construction, infrastructure, environmental engineering, real state development, energy, oil and gas, petrochemical and bio energy industries. It currently has over 90,000 employees, is present in 17 countries and recorded a turnover of approximately $ 40.6 billion in 2009.

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