Aero organisations announce electronic trade agreements

Manufacturing News, Source : TheManufacturer.com
Published : 09 Nov 2009 17:02

Trade organisations the Aerospace Industries Association (US) and A|D|S (UK) have jointly announced new global standards for agreements between prime contractors and suppliers.

There are separate standards laid out for trading partner and electronic collaboration agreements. The documents have been developed for use across any industrial supply base.

“These agreements provide global parties with a common set of rules under which they can agree to exchange data or collaborate electronically,” said AIA President and CEO Marion Blakey. “Having one set of global standards for these agreements gives much-needed guidance to companies up and down the supply chain.”

“Standardizing these agreements will minimize delays and legal costs associated with the negotiation and agreement process,” A|D|S Chairman Ian Godden added.

A|D|S – representing the aerospace, defence and security industries – was formed last month through the merger of the Society of British Aerospace Companies (SBAC) and the Defence Manufacturers Association (DMA).

The agreements are available to download from adsgroup.org.uk.

A|D|S

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