Airbus boost to defence giant BAE
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BAE Systems sees profits rise as sales of aircraft at Airbus, in which it owns a stake, increase in the first half of 2004.
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PARIS, Nov 4  - The European Aeronautic Defence and Space Company reported Thursday that its nine-month net profit more than doubled, thanks largely to sales of Airbus aircraft, and raised its full-year forecast.
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LONDON (CBS.MW) -- Airbus, the European aircraft maker that competes with Boeing Co. (BA) , is expecting airline deliveries this year from 315-320, approaching a record, the Financial Times reported, citing Chief Executive Noel Forgeard.
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British defense contractor BAE Systems PLC said Tuesday that its U.S. subsidiary will acquire software maker Alphatech Inc. for &#36;88 million cash.
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Fierce competition between giant aircraft makers, Boeing and Airbus, has been heating up. The US government and the European Union have both stepped in to boost their prospects.
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Airbus unveils its flagship A380 on Tuesday, the plane on which the company is betting its newfound status as the world's leading jet maker as well as the 10 billion euro (&#36;13 billion) cost of developing the "superjumbo."
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Shares of Airbus parent EADS rose after a report that the company's board will approve the launch of a new mid-sized jet to rival Boeing Co.'s 787 Dreamliner at a meeting Friday in Amsterdam.
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Airbus has received approval from its shareholders, EADS and BAE Systems to begin making firm commercial offers to launch customers for two new members of its wide-body Family.
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Russian state-owned bank VTB has acquired more than 5 percent of EADS, the parent of airplane maker Airbus, the European defense company said Monday.
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LONDON, August 27 (New Ratings) - Airbus, jointly owned by the European aerospace giant, EADS (EAD.ETR), and UK-based BAE Systems, has reportedly received orders for six A380 planes and two long-range A340 jets from Thai Airways.
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LONDON  - British defence contractor BAE Systems PLC said Monday it is buying DigitalNet Holdings Inc., a U.S. maker of secure computer networks and a leading information-technology supplier to the Pentagon.
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British defence firm BAE Systems will next week clinch a 20-billion-pound (29.5 billion euro, 40.4 billion dollar) deal to supply 72 Eurofighter Typhoon jets to Saudi Arabia, a report said Friday.
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European aerospace group EADS reports higher-than-expected profits, boosted by sales in its Airbus plane-making subsidiary.
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Airbus was given the go-ahead yesterday by its shareholders - EADS and BAE Systems - to start marketing its planned A350 mid-range aircraft to airlines, heralding
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Shares in Airbus parent EADS rose Wednesday as reports that the Russian bank Vneshtorgbank had bought more than 4 percent of the company went unchallenged for a second day.
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BOEING was given a significant lift in its battle for orders against Airbus, its European rival, yesterday when Japan Airlines (JAL) signed a deal for a fleet of its new 7E7 aircraft worth up to $6 billion (Â£3.1 billion).
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BAE Systems, Europe&#39;s largest defence firm, has reported a 4.5 percent rise in underlying operating profit, buoyed by higher Airbus plane deliveries.