Season’s Greetings from Philippe Bensussan, Chairman & CEO

It is clear that there were many uncertainties in the global military market in 2011.

But your continued support in our IR technologies and products enabled us to have another productive year; we thank you sincerely for your on-going confidence. We also gained significant momentum in our space market activities and are very proud of our accomplishments there, which include the award of three major space programs: MTG, MUSIS/CSO and Sentinel5-Precursor.

With the continuous development of new technologies and product improvements that Sofradir will provide in 2012, we hope to bring you, our customers and industry partners, the competitive advantages which will allow you to add new dimensions and further grow your business.

May you all have a truly successful 2012.