A 20% revenue increase this year will see EADS overtake Lockheed Martin and become the world's second biggest aerospace company, the European company said at the show yesterday.
The calculations take into account revenues from Airbus which has seen the work backlog rise from $112 billion at the end of 2000 to $144 billion this year.
Strategy
The European company is working on a longer-term strategy based around forming leading transatlantic alliances.
"We have a long-term plan to enhance our presence across the Atlantic by growing transatlantic alliances," said chief executive Philippe Camus. "We want to be a global player."
Today, EADS' priorities are to go for further European consolidation and the creation of more links and partnerships with US companies. This includes taking a stake in Patria of Finland, together with developments in Russia and with Alenia.
"We are the strongest growth story in the industry and a global player," said Camus.
Source: Flight Daily News
