Business

November 9, 2012

EADS third quarter profit stalls on super jumbo costs

The cost of fixing problems on some A380 super jumbos weighed on third-quarter profits at Airbus parent company EADS NV.

Net profit at the European aircraft giant fell 1 percent to €309 million ($394 million) in the July to September period, down from €312 million a year earlier.

EADS said Thursday it has spent €200 million of an expected €260 million total on the A380 repairs, which involve small fractures found near the rivets used to join a metal cover to the aircraft wings’ ribs.

Sales rose 15 percent in the quarter to €12.3 billion, and the company says it is on track to exceed its target of 10 percent sales growth for the full year.

Airbus’ new A350, intended to challenge Boeing’s 787 “Dreamliner,” was delayed by several months until the second half of 2014, the company said in July. EADS says that remains its target, but warned that the “program remains challenging.”

The reason for the A350 delay is for putting in place an automated drilling process for the plane’s wings. Airbus has already taken €124 million charge as a result, and warned that further delays would lead to greater charges.

Airbus said it is on track to deliver 580 commercial aircraft this year including 30 A380s. AP

 




All of this week's top headlines to your email every Friday.


 
 

 
LM-F35-hours

F-35 fleet surpasses 15,000 flying hours

The Lockheed Martin F-35 Lightning II fleet recently surpassed 15,000 flight hours, marking a major milestone for the program.  “Flying 15,000 hours itself demonstrates that the program is maturing, but what I think is e...
 
 

Raytheon awarded first international contract for Paveway IV

Raytheon has received a contract from an international customer for Pavewayô IV precision guided bombs valued at more than $200 million. As part of the sale Raytheon will deliver hundreds of the advanced munitions, which are regarded as the ‘weapon of choice’ for the Royal Air Force. The contract represents the first sale of Pavewayô...
 
 
Northrop Grumman photograph

Northrop Grumman dedicates Aircraft Integration Center of Excellence in Florida

Northrop Grumman photograph Tom Vice, corporate vice president and president, Northrop Grumman Aerospace Systems, addresses the media with, from left, Florida State Sen. John Thrasher, Florida Gov. Rick Scott, U.S. Rep. Ron DeS...
 

 

Lockheed Martin GMLRS alternative warhead logs successful flight test series, shifts to next testing phase

Lockheed Martin successfully conducted the fifth and final Production Qualification Test for the new Guided Multiple Launch Rocket System Alternative Warhead recently at White Sands Missile Range, N.M. During the long-range test, four rockets were fired from a HIMARS launcher and destroyed their respective targets approximately 65 kilometers away. The test is the final milestone...
 
 

Forecast International expects UAV market to rise strongly through next decade

The wars in Iraq and Afghanistan sent unmanned aerial vehicle production to record heights, but with the last U.S. military troops in Afghanistan slated to depart the country this year, the Pentagon’s demand for unmanned air vehicles is slackening. However, while fewer UAVs are expected to roll off the production lines from 2014 to 2023,...
 
 
sikorsky-china

China certifies Sikorsky S-76D™ helicopter

Sikorsky Aircraft Corp. announced April 15 that the Civil Aviation Administration of China has issued a validation type certificate for the S-76D™ aircraft, allowing Sikorsky to begin delivering the commercial helicopter  to...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>