Reorganisation: EADS is creating a new Defence and Security division by merging its Defence and Civil Systems and Military Aircraft businesses. The division will have revenues of g5 billion ($5.3 billion) and employ 24,000 people in nine countries. EADS co-chief executive Philippe Camus and Rainer Hertirch say defence is a "core strategic priority" and full integration of its defence units will "move us substantially towards this goal".
Source: Flight International
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
Airbus is implementing a short-term cost-containment programme intended to support its production ramp-up efforts. Speaking during a first-half briefing, chief executive Guillaume Faury said the aim of the programme – which has been designated ‘Lead’ – is to prioritise serving the ramp-up and financial performance, and avoid being “distracted”. He ...
Airbus’s adjusted earnings for its commercial aircraft division were down by 13% to €1.95 billion ($2.11 billion) over the first half, as investments for future preparation offset the increase in deliveries. The airframer delivered 323 commercial aircraft over the first six months – up on the previous 316 and lifting ...
