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.


 
 

 

Headlines August 1, 2014

News: Military downsizing leaves U.S. too weak to counter global threats, panel finds - An independent panel appointed by the Pentagon and Congress said July 31 that President Obama’s strategy for sizing the armed services is too weak for today’s global threats. Defense industry funds flow to contenders for key House chairmanships - Four of the top...
 
 

News Briefs August 1, 2014

China allows foreign reporters at news conference Foreign reporters are being allowed to attend China’s Defense Ministry briefings for the first time, marking a small milestone in the increasingly confident Chinese military’s efforts to project a more transparent image. Restrictions still apply and there is no sign of an improvement in the generally paltry amount...
 
 
Army photograph by John Andrew Hamilton

Rapid Equipping Force, PEO Soldier test targeting device at White Sands Missile Range

Army photograph by John Andrew Hamilton SFC Justin Rotti, a combat developer from the Training and Doctrine Command Fire Cell, Fires Center of Excellence, uses a developmental hand held precision targeting device during a test ...
 

 

NASA awards modification for geophysics, geodynamics, space geodesy support contract

NASA has awarded a modification to Stinger Ghaffarian Technologies Inc. of Greenbelt, Md. to continuing working the the Geophysics, Geodynamics and Space Geodesy Support Services contract. The maximum ordering value of the GGSG contract will increase to $76.8 million. The previous amount was $49.5 million. The increase in the maximum ordering value of the contract...
 
 
boeing-japan

Boeing, All Nippon Airways finalize order for 40 wide-body airplanes

  Boeing and All Nippon Airways July 31 finalized an order for 40 widebody airplanes – 20 777-9Xs, 14 787-9 Dreamliners and six 777-300ERs (Extended Range) – as part of the airline’s strategic long-haul fleet ren...
 
 

Excalibur Ib enters full rate production, receives $52 million award

TUCSON, Ariz., July 31, 2014 /PRNewswire/ — Raytheon’s Excalibur Ib precision guided projectile has entered full rate production. U.S. Army approval of FRP completes Excalibur Ib’s low rate initial production phase. †Additionally, the U.S. Army has awarded Raytheon $52 million for continued Excalibur Ib production. “The full rate production decision is the culmination ...
 




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>