Topic: Aerospace and Defense Sector
Military plane problems drag EADS into the red
AFP Global Edition
European aerospace giant EADS said on Tuesday that it plunged into loss last year because of big provisions to cover cost over-runs on its A400M military transport project and A380 superjumbo jet. EADS released its results just hours after it withdrew from a joint bid with US partner Northrop Grumman ...
Military plane, jumbo jet drag EADS into debt
AFP Global Edition
European aerospace giant EADS said on Tuesday it plunged into the red last year as it put aside big provisions to cover cost over-runs on its A400M military transport project and A380 superjumbo jet. The group posted a 2009 net loss of 763 million euros (1.04 billion dollars) after ...
EADS reports 2009 loss of 763 million euros
AFP Global Edition
European aerospace giant EADS reported Tuesday a 2009 net loss of 763 million euros because of provisions to cover cost over-runs on its A400M military transport project and on the A380 superjumbo. EADS recorded a net profit of 1.57 billion euros in 2008 but was hit by a 1 ...
Northrop, EADS will not bid for US tanker contract
AFP Global Edition
Northrop Grumman and European partner EADS said Monday they would not bid for a 35-billion-dollar US Air Force aerial refueling tanker plane contract, clearing the way for a Boeing win. Northrop Grumman, a top US defense contractor, said it had decided not to compete because the US Air Force's ...
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