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— CASSIDIAN
ANNUAL REVIEW 2013 — ACHIEVING OUR GOALS
Scan here or visit
www.reports.airbus-group.com
The former Cassidian Division delivered an improved
performance while adapting the business to the changed
defence environment. As of 2014, the Division’s activities
are integrated within Airbus Defence and Space.
Revenues at the former Cassidian Division rose by 4% to
€ 6.0billion in 2013 (2012: € 5.7 billion) with an EBIT* of € 432
million (2012: € 128 million(a)). The operational performance
reected good programme execution across the Division.
Integrated systems and electronics projects developed positively,
while military aircraft programmes continued to support revenues
and protability. Operational improvement and restructuring
initiatives launched at the end of 2012 have been a strong driver
for the improvement in underlying protability.
Net order intake remained at at € 5.0 billion (2012: € 5.0 billion).
Atthe end of 2013, the order book stood at € 14.3 billion
(year-end 2012: € 15.6 billion).
Within the Euroghter programme, the Oman order achieved
at the end of 2012 was booked in the early part of the year.
Inaddition, the Euroghter consortium signed a contract for the
integration of the Meteor air-to-air missile system on board the
ghter aircraft. Exports are being targeted in the Middle East
and Asia as well as further upgrades from the core nations.
Thecontinued strong delivery performance and customer
support is demonstrated by the 400th Euroghter being delivered
in December 2013.
The MBDA joint venture saw strong order intake from Europe and
export markets. A development and production contract was
signed with France for a successor to the Milan missile. Following
the production contract from Germany, all six European Partner
Nations have now placed production orders for the Meteor
air-to-air missile.
Export orders were secured in the Middle East and Asia for Storm
Shadow stand-off missiles, the Aster air-defence system and
Mistral-based air-defence systems. In a successful test ring at
the end of 2013, the Medium Extended Air Defense System
“OPERATIONAL
IMPROVEMENT
and restructuring initiatives launched
at the end of 2012 have been
a strong driver for the improvement
in underlying protability.”
The 400th Euroghter Typhoon was delivered to Germany in 2013 (Photo Contest winner)
— CASSIDIAN IN 2013
46