18-07-2009 EADS-CEO Louis Gallois at Premium AEROTEC

The EADS-CEO Louis Gallois regularly goes on "CEO site tours" and was at Premium AEROTEC in Augsburg on 17 July as part of this program. The company currently is a 100% subsidiary of the European EADS Group, but also is open to shareholding by solid industry investors. Louis Gallois confirmed at his visit in Augsburg: "We are paying high attention to the strength and the long-term commitment of potential investors out of self-interest – after all, Premium AEROTEC is the largest supplier of aerostructures for the Airbus A350 XWB, the program of the future."

Gallois endorsed the chosen path of expanding the know-how to aerostructures made of carbon-fiber composites (CFC) and the orientation as a fully adequate service provider with its own, newly established engineering, the cost-efficient manufacturing, and follow-up services.

Hans Lonsinger, President and CEO of Premium AEROTEC, confirmed that the company is on its way to become globally competitive.

Premium AEROTEC has more than 6,000 employees and expects to generate revenues of about one billion Euros for 2009. Premium AEROTEC’s core business is the development and manufacturing of metal and carbon composite aerostructures and the corresponding production systems. The company has plants in Augsburg, Nordenham and Varel.