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EADS, the parent company of plane maker Airbus, on Monday said it lost euro87 million ($130 million) in the third quarter, due partly to the weak dollar, and warned that troubled aircraft programs could further weigh on earnings in the fourth quarter.
The head of Airbus' parent company says the European jet maker did nothing wrong in a trade dispute with the U.S. over government subsidies, and called for a negotiated settlement with archrival Boeing Co.
Shares of EADS NV rose Tuesday as the parent company of plane-maker Airbus said net profit increased 76 percent — and that it expects to deliver as many planes this year as last year even as the recession hurts airline customers.
EADS CEO Louis Gallois said he hopes the fate of Europe's troubled A400M military transport plane will be resolved by the end of 2009, ending months of agonizing and costly uncertainty.
EADS, the parent company of planemaker Airbus, said Tuesday that first quarter profit fell 40 percent as airlines delayed orders and deliveries. The company also took a euro120 million charge for its troubled A400M military transport plane.
European aerospace giant EADS NV said Wednesday it has appointed Bodo Uebber, Daimler AG's chief financial officer, as its new chairman.
European aerospace group EADS said Monday it is committed to its delayed and troubled A400M military transport aircraft program, but that the original contract needed to be renegotiated.
The parent company of planemaker Airbus on Tuesday reported an 89 percent gain in fourth-quarter net profit but warned of "very challenging" years ahead.
EADS chief Louis Gallois said Tuesday that the European aerospace and defense group pulled out of a "significant" U.S. acquisition at the last moment after the board decided protecting cash is a bigger priority.
Defense and aerospace giant EADS called Friday for a "new approach" for its embattled A400M program, in which the first delivery of the military transport plane would come no sooner than 2012.
Airbus parent company EADS said Friday it rebounded to a profit in the third quarter thanks to lower costs for restructuring and fewer delays to aircraft programs. But it warned that continued setbacks in production of its military transporter will make achieving its full-year target challenging.
Airbus parent company EADS is throttling back on production of its new A400M military transport aircraft in response to delays in the delivery of its propulsion system, a spokeswoman for the program said Tuesday.
EADS, the parent company of planemaker Airbus, said Thursday it has indefinitely postponed the first flight of its A400M military transport plane because its engines are not ready.
EADS, the parent company of planemaker Airbus, said Wednesday its profit surged in the second quarter as cost savings and higher deliveries offset a big charge for delays to its groundbreaking A380 jumbo jet and further woes from the falling dollar.
The chief executive of EADS said he is confident his company and U.S. partner Northrop Grumman Corp. will win a disputed $35 billion Pentagon Air Force tanker contract when the bidding process reopens.
Airbus CEO Thomas Enders dismissed a French insider trading investigation as a "show trial" and said a probe into his sale of shares in parent company EADS have not affected the way he runs the European planemaker.
French police on Wednesday detained the first executive still employed by Airbus parent EADS as part of an insider trading probe, according to his attorney.
Airbus parent European Aeronautic Defence and Space Co. is disappointed by a recommendation that a $35 billion U.S. Air Force tanker contract that it won with an American partner be reopened for bidding, the company's chief executive said Wednesday.
As French authorities filed preliminary charges against a second former EADS executive, the head of the aerospace and defense giant warned on Wednesday that investigations into insider trading could last as long as seven years.
A former co-CEO of Airbus parent company EADS, Noel Forgeard, was hit with preliminary insider trading charges Friday in an extensive probe into stock sales by more than a dozen former and current executives at the European planemaker.
A former co-chief executive of Airbus parent EADS was detained Wednesday in connection with an investigation into alleged insider trading, a French judicial official said.
Airbus parent EADS said Wednesday it returned to profit in the first quarter as the planemaker increased deliveries and cut costs, helping offset the weaker dollar.
With the strength of the euro biting, the head of Airbus' parent company said Tuesday he wants to transform EADS North America and make it "an American citizen."
Airbus' parent company vowed to defend top executives against charges of insider trading and violating market disclosure rules as French regulators readied charges and broadened their investigation.
Airbus parent EADS reported annual losses of $684.16 million Tuesday, a year marred by the botched roll out of both military and commercial aircraft.
Scientists unveil fully functional artificial heart, yours for only $200,000 - CNN.comFrench scientists have unveiled a working prototype of a fully artificial heart which is based on the technology of satellites and airplanes. The artificial heart based on satellite and airplane technology was presented in Paris.
Air Force will rebid$35 billion tanker contractCongressman Norm Dicks says the Air Force will put a $35 billion tanker contract out for rebid. He said it will be an accelerated recompetition, giving Boeing another chance.
Boeing gets another chance at $35 million Air Force contractThe Department of Defense - NOT the Air Force - will oversee a new, rapid competition for a $35 million contract to build new air tanker refuelers. The new competition gives Boeing another shot at the contract it lost out on back in February.
RichardAboulafia.comDid John McCain push business to EADS because of his ties to EADS Lobbyists?Did John McCain push the Air Force Refueling Tanker contract to EADS because of his ties to EADS Lobbyists?
McCain's Boeing Battle BoomerangsOne of John McCain's most celebrated achievements in recent years was his crusade to block a Pentagon contract with Boeing for a new fleet of midair refueling tankers. […]
Swedish Pension Fund Dumps Holdings in Corporations Making Cluster BombsSwedish pension fund AP7 said Sunday it will sell all its holdings in companies making cluster bombs and nuclear weapons, including Airbus parent EADS and U.S.-based Lockheed Martin Corp. and General Dynamics Corp.
Former EADS Chief Faces Preliminary Charges Of Insider TradingFrench judges have filed preliminary charges of insider trading against Noël Forgeard, a former chief executive of EADS, as they investigate stock sales executed ahead of the announcement of major delays in building the A380 superjumbo.
Town rescues search dog by paying for pacemaker - CNN.comCOLUMBIA, Missouri (AP) -- After years of helping authorities look for murder victims and survivors of natural disasters, a search-and-rescue dog named Molly has been rescued herself. art.rescue.dog.ap.jpg
Qatar set to fight Boeing over Dreamliner delaysQatar Airways said today that it intended to seek compensation from Boeing over delays in delivering its first 787 Dreamliner aircraft, part of a $13.5 billion order.
What Airbus Learned from the DreamlinerThe A350-XWB is going to be Airbus' answer to the 777 as well as the 787 and you can bet Airbus has been carefully studying Boeing's pain with the latter's development, learning such advanced ideas as not making stupid promises pertaining to outside suppliers you have no control …
McCain's ties to Airbus could cost him votesAt a presidential debate in Florida two months ago, McCain boasted that he "saved the taxpayers $6 billion in a bogus tanker deal," a reference to his leading role in stopping a contract between Boeing and the Air Force in 2004 in the face of a procurement scandal that eventually …
At OpEdNews: McCain Intentionally Cost Boeing the Air Force Tanker Deal and sealed it for Europe's AirbusAn examination of the links of Senator and presumptive Republican nominee for President John McCain and his campaign staff to the debacle where Europe's Airbus won a bid for an Air Force tanker project over Boeing produces some startling conclusions.
Support Sought for Tanker Plans (MOBILE, Ala.) March 19 -- More than 10,000 people have signed the "Keep Our Tanker" petition which is available on the internet. Mobile County leaders, however, aren't stopping there in their efforts to drum-up support for the Northrop Grumman/EADS Contract win.
Why didn't favored Boeing win Air Force tanker contract?McCain reacted quickly when he heard that the subsidy issue would be a factor in the competition. He'd been the lead opponent of an earlier $23 billion deal that would have allowed the Air Force to lease up to 100 Boeing 767 tankers.
Will Congress Interfere With Air Force Tanker Deal? Mobile Mayor Sam Jones said he is not worried about Boeing's protest of an Air Force contract that would bring tanker aircraft assembly to the city, but he is concerned that Congress might scuttle the deal, valued at up to $40 billion.
Boeing's big contract loss prompts jingoistic outburstAirbus tanker deal looks best for Air Force, U.S. taxpayers. When the Air Force bypassed American plane maker Boeing last month and awarded one of the biggest defense contracts ever to a group that includes European-based Airbus, the outcry was predictable.
Boeing Protesting Against EADS Tanker ContractThe fate of a $35 billion Air Force contract is out of the hands of the military.Boeing Co. said Monday it will formally p ...
Airbus reports billion-dollar loss on back of record ordersThere is something very wrong with either a company or an industry where you are one of only two real players, you enjoy a record year for orders, you get government subsidies...and you still manage to post a billion dollar red number on the bottom line.
Not over yet...Hillary Clinton and Barack Obama criticise choice of EADS for $40bn work for USAFWould CLinton or Obama (or McCain for that matter) overturn the Pentagon's choice? They may well try to make it seem as if they would , if there were votes in it.
Alabamians dust off their tricycles and get ready to head off to workIt would be petty, I suppose, to say "serves 'em right" in response to the news that Boeing lost the big aerial refueling tanker contract...
Why Boeing Lost out to Northrop...The pain...oh dear, the pain of it all... It hurts, but best to look at it and learn. Boeing lost out because it simply did not meet certain criteria was well as EADS and Northrop. Why did this happen? Complacency. Guys, take nothing for granted anymore.
The New Air Force Tanker: Selling Out America or The Best Plane Possible? Last Friday, the United States Air Force announced that the Northrop Grumman/EADS team won the contract to assemble our military's next generation of air refueling tankers, known as the KC-45.
Scary footage of near disastrous Lufthansa A320 wingstrike at HamburgCrosswinds are never easy for even the best of pilots to land in, but this footage shows just how dangerous they can be.
Bitter loss for Boeing: Pentagon picks AirbusIn a shocking upset Friday, Boeing lost the long-awaited and lucrative Air Force refueling-tanker contract to a competing bid based on an Airbus plane.
Northrop and EADS Win Refueling Tanker Deal 1-Mississippi...2-Mississippi...3-Mississippi... The jokers at the Pentagon on Friday awarded a multibillion-dollar contract for refueling tankers to a partnership between Northrop Grumman and EADS, the European parent of Airbus.
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