French defence electronics firm Thales will almost double revenue at a newly acquired Airbus factory in Germany over the next three years, the company said on Wednesday.
Planemaker Airbus agreed in August to sell the Laupheim site to a consortium of Thales and German conglomerate Diehl.
"With the scaling up of the A350 and A380 programmes, the site should create revenues [of] around €400m in 2011," Thales aerospace chief Francois Quentin said.
The Laupheim plant has 1,100 employees and an annual revenue base of €240m.
It makes aircraft cabin interiors, cargo hold panels, crew rest compartments and air ducts.
Its sale is part of Airbus's Power8 restructuring programme which is designed to help the planemaker battle back from major project delays and a generally weak dollar that has given its US rival Boeing an advantage.
Airbus is a unit of European aerospace group EADS.
Last month, EADS sold part of the Airbus wings plant at Filton in Britain to auto parts maker GKN and announced a two-year extension to the Power8 programme.
But plans to sell five other plants in France and Germany had to be scrapped during the summer because of the credit crisis and currency fluctuations.
By Matthias Blamont, Reuters.
