EADS and Airbus spinoff Premium Aerotec plan to invest about EUR360 million to build new plants in Augsburg and Nordenham, both in Germany. The new EADS subsidiary is making the move to enable the facilities to produce large composite parts. Premium Aerotec is made up of the former Airbus plants in Nordenham and Varel as well as a former EADS unit in Augsburg. Its headquarters will be in Augsburg, and its first CEO is Hans Lonsinger, the former EADS Augsburg chief. Premium Aerotec will ...
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