EADS Targets $10 Bln in Defense Revenue
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EADS is targeting $10 billion in defense and security sales in the United States, its top managers said on Thursday, setting an ambitious goal for the European aerospace giant as it looks to crack the world&#39;s richest defense market.
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Chicago-based Boeing Co. BA.N has  won a $928 million contract to field the ground-based midcourse  defense part of a planned U.S. missile defense shield, the  Pentagon announced on Monday.
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The German government and DaimlerChrysler will reveal details next week of a deal enabling the car maker to sell part of its stake in European aerospace giant EADS while keeping it in German hands, a business daily has reported.
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The parent companies of Airbus SAS yesterday approved the launch of a $5.3 billion new airplane by 2010 to compete directly with Boeing Co.
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EADS NV, Europe's largest aerospace and defense firm, is considering legal action after a former Air Force procurement official admitted sharing the company's pricing data on an Air Force program with rival Boeing Co.
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The defense contractor said second-quarter earnings rose on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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Planemaker Boeing Co. expects Pentagon budget cut proposals to hit its top defense programs, the head of its military business said in a newspaper interview published on Friday.
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Boeing Co's  defense unit expects rising Asian military budgets to drive double-digit sales growth in the region and help offset flat U.S. defense spending, its chief Asia-Pacific salesman told Reuters on Thursday.
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Boeing Co.  has been awarded an 11-year, $2.02 billion contract for 242 wing sets for the Air Force's A-10 fleet designed to support ground troops, the Pentagon said on Friday.
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BAE Systems advised its shareholders to sell the British defence group's 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 2.75 billion euros (3.5 billion dollars).
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EADS, the European Aeronautic Defence and Space Company, is expecting deliveries of its Airbus aircraft maker to rise by 10 percent next year, the group's co-chairman Rainer Hertrich says.
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BEIJING : The dramatic fall of the dollar against the euro will would have only a muted short-term impact on Europe&#39;s largest defense company but if sustained, it would affect future profitability, the head of EADS said.
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If Democrat John Kerry becomes president he could cut up to a third of the annual &#36;10 billion in spending on missile defenses, but overall defense expenditure would stay high, analysts said this week.
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European aerospace group EADS   will unveil restructuring measures aimed at saving 2 billion  euros ($2.53 billion) a year this week after new delays in  deliveries of its A380 superjumbo, financial daily Les Echos  reported, without quoting sources.
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the defense contractor said gains in its space, information technology and electronic systems units made up for a dip in sales of fighter jets.
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Planemaker Boeing Co. expects Pentagon  budget cut proposals to hit its top defense programs, the head  of its military business said in a newspaper interview  published on Friday.
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Europe's EADS   trumpeted a deal to sell three jet-refueling planes to Saudi  Arabia on Thursday while jockeying with Boeing  for a far  bigger prize, a U.S. Air Force tanker order worth $40 billion.