Aerospace & Defense News - Defense Europe.

 
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May 17, 2009

Farnborough International Airshow is at EBACE to promote next year's event, which takes place 19-25 July 2010. The organisers are re-evaluating aspects of the show, with an emphasis on enhancing and increasing networking and meeting opportunities and improving site services, in line with feedback from exhibitors, particularly the business aviation sector, saysshow director Amanda Stainer. May 12, 2009

Airbus

Airbus Military has signed a deal to provide the Czech Republic with four C-295 transports. To replace the Czech Republic air force's remaining five Antonov An-26s, the tactical transports will be delivered between the end of this year and late 2010, says Airbus Military. Announced on 13 May, the deal also includes a logistics support agreement, the company adds. May 14, 2009

Airbus

Airbus parent EADS faces a "substantial" earnings hit this summer as it tries to salvage its delayed A400M military aircraft project, compounding concerns over the outlook for its civil plane business. The prospect of a clear-cut charge to fix the delayed A400M -- which analysts said could be as high as EUR3 billion euros (USD$4.09 billion) -- rattled EADS shares, as the aerospace group also posted a worse-than-expected 70 percent drop in first-quarter operating profit. But the company said it could give little indication how big the cost of the A400M troop transporter would ultimately be, nor how battered airline markets would evolve in coming months. Dampened by Airbus, EADS group first-quarter earnings before interest and tax, or operating profit fell to EUR232 million from EUR769 million in the first quarter of last year. Revenues fell 14 percent to EUR8.467 billion, and the Franco-German group's net profit fell 40 percent to EUR170 million. EADS said underlying first-quarter operating profit before these items stood at EUR0.4 billion, down almost 50 percent. Boeing said last month first-quarter profit halved to USD$610 million due to order deferrals by airlines, and cut its 2009 outlook. The future of the A400M depends on talks with seven European NATO governments which have agreed a moratorium until July. EADS said the talks on a revised industrial plan could lead to a "substantial" charge once the future of the project is clear and that this could happen with second-quarter earnings. Finance Director Hans Peter Ring said the coming weeks would be decisive. "A400M is our top priority," he said. EADS took an interim charge in the first...

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