Thales and Elettronica have signed a Memorandum of Understanding (MoU) to strengthen their industrial and commercial operations and relations in the aerospace and defence business. The aim of the agreement is to explore joint initiatives and pursue growth business opportunities in the Electronic Warfare (EW) segment.
"This MoU extends the area of our long-standing business relationship and both companies believe that it represents a fundamental step for growth in Europe and the International Market," said Enzo Benigni, Chairman and CEO of Elettronica.
“The signature of this MoU strengthens cooperation between Thales and Elettronica which relies on successful partnerships in the last decades such as the French and Italian naval programmes Horizon, Fremm and the French Fighter Mirage 2000. This cooperation has allowed the French and Italian defense industry to excel in innovation,” said Patrice Caine, Chairman and CEO of Thales.