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Keyword: eadsaerospace

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  • EADS slumps to loss as A400 fails to takeoff

    03/09/2010 1:12:45 AM PST · by bruinbirdman · 22 replies · 161+ views
    The Telegraph ^ | 3/9/2010
    EADS, the owner of planemaker Airbus, has scrapped its dividend as overruns on the troubled A400 military plane drove it to a loss last year. EADS, which is the world's second-biggest aerospace company after Boeing, today reported a net loss of 763m euros (£693m) for last year compared with a profit of 1.57bn euros in 2008. Revenues fell to 42.8bn euros from 43.3bn euros. The company told investors last week that delays on the A400M military transport aircraft it's building for European governments would force it to take a charge of 1.8bn euros. The charges also left EADS, based in...