BAE to sell stake in Airbus to EADS
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BAE Systems will agree to sell its 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 1.9 billion pounds (2.8 billion euros, 3.6 billion dollars).
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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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DaimlerChrysler AG said Friday it sold a third of its stake in EADS, the parent company of planemaker Airbus, to a private investment group in a deal that will maintain the balance between German and French ...Comment
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Airbus, the European aircraft maker, is expected to receive approval within weeks from its shareholders, EADS and BAE Systems, to start marketing the planned A350 mid
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Defence group BAE Systems said on Thursday that net profits almost tripled in 2006 after the sale of its 20-percent holding in troubled European aircraft maker Airbus to European aerospace group EADS.
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DaimlerChrysler  (DCXGn.DE) could announce the transfer of shares in European  aerospace group EADS   to a financial  consortium as soon as Friday, industry sources said.
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The two chief executives of EADS have agreed to accept the resignation of Airbus CEO Christian Streiff, a person close to the European planemaker said Friday.
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The board of EADS, the parent company of Airbus, the aerospace giant, will tomorrow give the green light to develop its new aircraft, the A350.
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British defence firm BAE Systems said on Thursday that it nearly tripled net profit last year as it focused towards the United States after selling its stake in European aircraft maker Airbus.
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The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany.
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The board of European defence firm EADS approves a much-awaited restructuring plan for Airbus.
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The French co-head of aerospace group  EADS  brushed off negative comments from estranged  shareholder BAE Systems  on Thursday, saying the Airbus  parent was weeks away from resolving some of its key problems.
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The German government said it was nearing a deal in which German banks would buy a stake in EADS as DaimlerChrysler reduces its holdings in the company.
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Britain&#39;s defence giant BAE bought Saudi Prince Bandar bin Sultan an Airbus plane under a multi-billion pound arms deal and is still paying the costs of flying it, the Guardian newspaper said Friday.
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Airbus parent EADS  decided on Friday to go ahead with a new mid-sized jetliner to strike back at Boeing  in their fight for market share and restore pride shattered by delays to its A380 superjumbo.
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BAE Systems, the largest military contractor in Europe, said profit tripled last year as a result of expanded operations in the United States and the sale of its stake in the commercial airplane maker Airbus. BAE added that it expects continued strong growth this year, supported by increased military spending by the United States. BAE said profit last year rose to Â£1.64 billion ($3.2 billion) from Â£553 million in 2005. Revenue from continuing operations rose 9 percent, to Â£13.77 billion ($26.9 billion). The chief executive, Michael J. Turner, above, said BAE planned to use income from the sale of its stake in the European Aeronautic Defense and Space Company, the parent of Airbus, to make acquisitions.
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British defense 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.