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[Music]
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we are we are a subsidiary of one of the
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largest Aerospace group in Europe
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Eads and we do uh our Market is mainly
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uh helicopters we uh we do uh
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manufacturing and support of commercial
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and military helicopters from the small
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one to to the large one we have two
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facilities one in Grand Prairie Texas
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and one in
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Mississippi the Columbus Mississippi is
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our manufacturing production plant and
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in Texas we have all the support and
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headquarter function it's a company
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which is uh growing has been growing
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over the last 10 years we have currently
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about 800 employees and revenues of $750
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million and we have been number one on
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the commercial market for helicopters
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for the last seven
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years we have been uh we have been just
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recently in the uh military business in
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the US we we got our first contract 3
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years ago and uh since the contract is
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uh is progressing well that we have
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delivered all the aircraft on on Time on
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cost I would say on budget and on
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quality uh we have not seen any changes
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in uh in the environment for us the
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contract is ongoing and uh we have uh
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this contract is going to go over 7
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years and we're going to produce about
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350 helic
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so there is no change for us as long as
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uh the customer is is happy we don't we
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don't forecast any any change and and
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the need for uh rotor craft is uh is
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going to remain very high because of the
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um the mission that uh the US Army or
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the National Guard have to fulfill there
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is a constant need in helicopters and
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there is also a need to replace quite
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quite an aged fle of
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helicopters the main challenge is uh is
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continuing to grow the company find uh
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the people to to help us grow the
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company and I would say uh uh since the
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crisis that we we faced in the end of8
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and in 2009 the main challenge is to see
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how the market is going to come back
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over the next uh few years well we we
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have uh we have done a lot of uh action
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in terms of trying to adapt the
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uh the
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production uh to to the to the New
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Market uh requirement in the in the
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commercial business uh on the military
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side we're still in a in a ramping
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ramping up phase so we we are still
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looking at uh hiring uh young technician
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and Engineers to help us to to grow this
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business so it's it's kind of a
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adaptation to uh to the current
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environment but keeping always keeping
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in uh in perspective what the what is
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the long long-term plan we don't want to
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U uh we don't want to overreact today in
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a difficult Market environment and put
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at risk our long-term strategy so there
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is a balance between what you need to do
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to to protect yourself on the on a
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reduction of the market and what you
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need to do ultimately to to grow to grow
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the business so it's a and we we always
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continue to uh in in that difficult
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environment the key uh is to continue to
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invest in development of new product
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which are going to uh to meet better the
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the need of the customers to remain and
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to remain very present uh with the
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customer even when they are not buying
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But continuing to uh to ensure that we
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continue a dialogue talk to them trying
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to understand what what are going to be
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their future requirement and to and to
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work on these future requirements so
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that's that's a would say normal
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business but it's an industry which is
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longterm uh the the product cycle is
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very long it's not like in the
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automotive industry where the life of a
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car is about 5 years we are in an
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industry where the the lifespan of a
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product is more 15 20 years so there is
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a long time to develop the
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product which is between five and seven
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years then after there's a a long life
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of the product which is between uh 15
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and 20 years but you you Contin
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continuously work on adapting the the
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product the platform remain the same but
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you continue to adapt it to the changing
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needs of the of the
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customer the
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business is a it's not a monolithic
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Market it's it's made of very different
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Market with a very different environment
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uh we are today working on five market
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so the uh the evolution of this Market
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are not always the same they are not
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always dependent on the economical cycle
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we are working on tour utility or
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corporate or EMS and
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offshore uh Homeland Security so it
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depends a little bit of the environment
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some of these Market are are very much
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linked to the overall economic activity
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so if if the
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economy uh starts to recover we will do
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uh more sales in to utility
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corporate uh business if the price of
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oil uh
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increase uh we will do uh more business
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on the offshore side where we sell
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helicopters to go to the platform and
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for example in the Gulf of Mexico if uh
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Homeland Security remains a concern uh
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we will do more business into with
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custom and Border Protection with the
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National Guard so it's a very different
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uh different market so the grow today on
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the commercial Market evidently the
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growth in the next two to three years is
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linked to the economic recovery but it's
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not only linked to
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that well I think what I would like to
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to say that uh we
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uh we are uh we have been investing in
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the US for for 40 years we' have been
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present in the US for 40 years and uh
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what I would like to say that our
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company is a very International Company
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it's based in newor
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but we have been uh investing and
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opening plants all over the world we
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have uh over 20 uh subsidiaries all over
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the world so we can uh be closer to the
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customer understand better their needs
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and produce locally so it help us to get
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market and the US one is of course the
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largest single Market in the world for
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Aerospace so it help us to to be POS on
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the market also to to fine tune the
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product on the on the market needs and
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it's also help us to u to get bright
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people from all over the world and to
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have this diversity of mixing European
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and us and we do a lot of exchange
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between Europe and and the US for
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engineers for for manager and it also
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help us to uh to um
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offset some uh issues with the fluctu
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fluctuation of exchange rate because
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between the Euro and the dollar the more
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we produce in in the dollar zone the
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less we are impacted by the uh the Euro
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strength against the dollar uh it also
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help us to to get some source for raw
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material so it's a way it's a it's a
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very much it's a strategy of being very
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much International and I think it fits
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well with it has helped us to to be very
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successful on at least on the helicopter
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Market
