Daimlerchrysler Aerospace News

Spain is in talks with several shipbuilders in Europe to create a joint European company similar to the aerospace EADS, the chairman of Spain's state holding company (SEPI) said. After a presentation in Madrid of Spain's new civilian and military shipbuilder Izar, Pedro Ferreras said SEPI was already talking to groups in France, Germany and Italy. "We want to begin working on projects common to European countries, like the model followed by the aerospace sector, but that takes time," he said, referring to the European Aeronautic Defense and Space Company (EADS). EADS was born from the merger of SEPI-controlled Casa, France's Aerospatiale Matra and Germany's DaimlerChrysler Aerospace.

AlliedSignal and MTU München, a subsidiary of DaimlerChrysler Aerospace, have agreed to form a $100 million joint venture company named Vericor Power Systems. The new company will market, sell and provide customer support for aeroderivative industrial and marine gas turbines ranging from 0.5 to 15 MW.