EADS sales rocket past estimates

21st December 2004, Comments 0 comments

PARIS, Dec 21 (AFP) - The European Aeronautic Defence and Space Company (EADS) said Tuesday it expected the value of orders received this year to surpass its anticipated sales of EUR 32 billion (USD 43 billion).

PARIS, Dec 21 (AFP) - The European Aeronautic Defence and Space Company (EADS) said Tuesday it expected the value of orders received this year to surpass its anticipated sales of EUR 32 billion (USD 43 billion).

The company said research and development spending at its aircraft manufacturing unit Airbus was estimated at EUR 1.85 billion in 2005 and slightly lower in both 2006 and 2007, including spending on the recently announced A350 model.

"EADS is currently receiving a strong flow of commercial aircraft and defence orders" and there is a "strong flow of Airbus contract announcements especially with the A320 family in Asia-Pacific." the group said in a statement.

Contributions to the order book from defence operations include EUR 3.9 billion for the second batch of Eurofighters and EUR 800 million from the Australian government order for refuelling jets.

EADS also reiterated last week's disclosure that development costs for the giant Airbus A380 are currently expected to overrun by EUR 1.45 billion.

But it added that the same review revealed that recurring costs for the project were likely to be slightly better than originally anticipated.

© AFP

Subject: French News

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