WASHINGTON (Reuters) - The North American unit of European defense company EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) expects to sell nearly 200 additional light utility helicopters as a result of its successful program with the U.S. Army, a top executive said on Monday.
Ralph Crosby, chief executive of EADS North America, said the Army was very pleased with the company's work on the UH-145 Light Utility Helicopter, based on a commercial version, despite controversy about cabin temperature raised by a U.S. lawmaker last month.
"The Army is our staunchest supporter," he said, noting that EADS delivered the first UH-145 on schedule, despite a contract protest that delayed the program by 100 days.
In June 2006, the U.S. Army chose EADS' UH-145 military helicopter as its next light utility helicopter, EADS first major prime contract in the lucrative U.S. military market.
The Army plans to buy 322 aircraft with a potential total program life-cycle value of $3 billion, but Crosby said the company could sell around 500 helicopters, including foreign military sales, in the longer-term.
He said the potential value of the additional sales would be in line with the expected value of the original program.
He said one UH-145 had already been sold to the government of Malta.
He said EADS participated in a conference several months ago to discuss potential other foreign sales, but declined to give any additional details.
"This is an aircraft program that will go on for a long time," Crosby said. "The aircraft is working very, very well". Continued...
© Thomson Reuters 2008. All rights reserved.
| Global Environment | Oct 06 - 8, 2008 | Energy |
| Autos II | Sep 30 - Oct 01, 2008 | Hotels/Casinos |
| Restructuring | Sep 22 - 26, 2008 | Financial Services/Exchanges |
| Autos | Sep 15 - 17, 2008 | Autos |
| Russia Investment | Sep 08 - 9, 2008 | Country Summits |


