The alliance, once established, will be continued by the future European Aeronautic Defense and Space Company (EADS) as soon as the merger of Dasa, Aerospatiale Matra and CASA has been completed.

"This is an important step by our two companies at an important time in the transatlantic defense relationship," said Kent Kresa, chairman, president and chief executive officer of Northrop Grumman.

"There is no doubt that the security needs on both sides of the Atlantic can only be satisfied based on the best use of scarce resources.

In the critical areas of surveillance and reconnaissance, our potential collaboration with Dasa, and soon EADS, will ensure that the best capabilities of our two companies can be brought to bear to meet the needs of our customers," said Kresa.

"We are focusing on a new quality in the transatlantic cooperation in our industry," said Rainer Hertrich, chairman of Dasa and designated co-chief executive officer of EADS.

"We don't want solely European-American competition on the market but also competition between European-American groups. We must not always view the world in our industry as only a contrast between Europe and the U.S. The political security alliance which has been working for five decades also needs an industrial foundation," added Hertrich.

Dasa and Northrop Grumman will explore a variety of surveillance and reconnaissance opportunities to identify capabilities and technologies that offer mutual, long-range benefit to both corporations.

In particular, the two companies will evaluate: ground surveillance systems; high altitude, long- endurance unmanned aerial vehicles (UAV) technology; maritime UAV technology, including real-time signal processing; airborne radar for military transport; naval radars and wide bandwidth data link technology for reconnaissance.

Northrop Grumman and Dasa will analyze these potential opportunities and others as mutually agreed upon, with the intent of reaching initial decisions by June 2000.

DaimlerChrysler Aerospace, based in Munich, is Germany's leading aerospace corporation. Dasa is a leading partner in European aerospace programs like Airbus, Eurofighter and Ariane. It had sales of $9.2 billion in 1999 and has a workforce of 46,000 employees.

Northrop Grumman Corporation, headquartered in Los Angeles, had revenues of $9 billion in 1999 and has a workforce of approximately 45,000 employees.

Northrop Grumman

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