ST Aerospace completes investment in EADS EFW

ST Aerospace has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of customary conditions precedent. Following this completion, ST Aerospace will commence the A330P2F engineering development phase in February. A Dresden-based company with a current staff of over 1,100 specialists and revenues of over €200m, EADS EFW capabilities include passenger-to-freighter conversions, aircraft maintenance and repair, as well as engineering services. It also manufactures and supplies composite flat sandwich panels to Airbus. EADS EFW will serve as ST Aerospace’s European maintenance, repair and overhaul