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Russian firm teams up with EADS to build aerospace plant

Moscow, Russia: Russia’s Energia space rocket corporation and Astrium, an aerospace subsidiary of the European Aeronautic Defense and Space Company (EADS), partnered to build a joint venture in Russia by 2015, according to Vitaly Lopota, Head of Energia, Ria Novosti reported.

The joint venture will manufacture optical, electronic, radar surveillance systems and communication satellites and will be an equal partnership combining “the competitive advantages of our organisations,” Lopota said.

The facility will be based in Korolyov, just outside Moscow. “It is important for us that everything there is up to the finest international standards,” the Energia chief added.

Source: Ria Novosti