04.17.2009: CS press release


April 17, 2009


CS denies rumors regarding imminent signing of a major contract in the Middle East. The exclusive negotiations had been conducted for several months to finalize a significant international project in the Defense and Security fields. As no satisfactory contractual terms for the Group were reached, these negotiations are now stopped.

The important pre-sales investments made in 2008 have enabled the Group to be recognized as a credible player proposing innovative solutions by targeted prospects. With this recognition, CS confirms its international development strategy.

"We proved our legitimacy as a prime contractor of mission critical systems in the field of Defense, Space and Security in countries with high security requirements. CS’ offerings have been warmly welcome by the targeted prospects. The recent signature of a contract for the Iraqi government as a consultant on a security program demonstrates our relevant strategy.", declares Eric Blanc-Garin, CEO of CS.



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