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Sunday, January 22, 2012

Rheinmetall and Cassidian Pool Their Unmanned Aerial Systems Activities

KZO reconnaissance droneCooperation on tactical UAS (Unmanned Aerial Systems), medium-altitude UAS and cargo loading systems Rheinmetall and Cassidian 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 announcement was made by the two companies in Munich and Düsseldorf on Friday.

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