AIA and A|D|S Standards cover electronic trade agreements.
Press Release Summary:
AIA and A|D|S, the trade organization advancing UK's AeroSpace, Defence and Security Industries, announced global standards for trading partner and electronic collaboration agreements between prime contractors and suppliers. According to AIA's Marion Blakey, set of global standards for these agreements provides guidance to companies across supply chain. Standardizing them will minimize delays/legal costs associated with negotiation and agreement process, A|D|S Chairman Ian Godden said.
Original Press Release:
AIA, A|D|S Release New Standards for Electronic Trade Agreements
Arlington, Va. - The Aerospace Industries Association and A|D|S, the trade organisation advancing UK's AeroSpace, Defence and Security Industries, today announced new global standards for trading partner and electronic collaboration agreements between prime contractors and suppliers.
"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."
The documents have been developed for use across any industrial supply base. Most suppliers deal with an array of trading and collaboration agreements on policy, infrastructure and standards that are similar in content but vary widely in legal construction.
"Standardizing these agreements will minimize delays and legal costs associated with the negotiation and agreement process," A|D|S Chairman Ian Godden added.
Both agreements are available for download on AIA's website at www.aia-aerospace.org/library/ebusiness/ebusiness.cfm or from A|D|S at www.adsgroup.org.uk.
1000 Wilson Boulevard, Suite 1700, Arlington, VA 22209 (703) 358-1000 www.aia-aerospace.org
Founded in 1919, the Aerospace Industries Association represents the nation's leading manufacturers and suppliers of civil, military, and business aircraft, helicopters, unmanned aerial systems, space systems, aircraft engines, materiel, and related components, equipment services, and information technology.
