Sagem and Kazakhstan Engineering sign an agreement to create joint venture for drones
Paris, November 2, 2010
Sagem (Safran group) and Kazakhstan Engineering, a Kazakh state-owned company, have signed a Memorandum of Cooperation concerning tactical drone systems.
According to the agreement signed by Smagulov Bolat Sovetovich, President of Kazakhstan Engineering, and Jean-Lin Fournereaux, Chairman and CEO of Sagem, the two companies intend to create a joint venture in Kazakhstan to produce, support and market drone systems.
This planned joint venture will offer drone systems to different ministries and public companies in Kazakhstan to carry out defense, homeland security and other missions (ministries of defense and agriculture, emergency services, border patrols, national gas company, etc.).
Sagem and Kazakhstan Engineering have started exclusive discussions to determine the procedures for collaboration and the establishment of a balanced joint venture.
The application of the agreement is subject to authorization by the French and Kazakh governments.
Sagem, a high-tech company in the Safran group, holds world or European leadership positions in optronics, avionics, electronics and safety-critical software for both civil and military markets. Sagem is the No. 1 company in Europe and No. 3 worldwide for inertial navigation systems (INS) used in air, land and naval applications. It is also the world leader in helicopter flight controls and the European leader in optronics and tactical UAV systems. Operating across the globe through the Safran group, Sagem and its subsidiaries employ 6,900 people in Europe, Southeast Asia and North America. Sagem is the commercial name of the company Sagem Défense Sécurité.
For more information: www.sagem-ds.com
Kazakhstan Engineering is a state-owned holding company that consolidates private and state-owned industrial enterprises in the Republic of Kazakhstan. Covering a wide range of mechanical construction activities, it operates in the oil, rail, agrifoods, heating and defense systems production and repair sectors.
For further information see www.ke.kz
Sagem (groupe Safran)
Tél.: +33 (0)1 58 11 19 49
E-Mail : email@example.com