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Tuesday, February 05, 2008

EADS Eurofighter unit signs €9.7 million contract in Greece

The fighter jet unit of aerospace giant European Aeronautic Defence & Space SA, or EADS, signed a €9.7 million (US$14.25 million) development deal with Greece's government-controlled aerospace company Tuesday in a continued bid to win a multibillion euro warplane contract from the Greek government.

Under the agreement, the government-controlled defense and aerospace company Hellenic Aerospace Industry SA will obtain technology and know-how to bolster its airframe design and development capability at a newly created design center recently opened by the company.

The move comes before a long-awaited tender by the Greek air force to purchase several dozen next-generation fighter aircraft. EADS's warplane unit, Eurofighter, is one of several companies hoping to win a deal with Greece.

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