Airbus parent company EADS posts higher Q1 profits

Shares in EADS (Paris: NL0000235190 - news) rise 1.8 percent in brisk volumes after the European aerospace group posts a sharp rise in core profit, eclipsing figures showing it had consumed a significant quantity of cash to boost inventories for new ...

The US Defense Department (DoD) has decided to halt acquisition of UH-72A Lakota light utility helicopters (LUH) from EADS North America starting next year, a senior company official has revealed. EADS North America chairman and chief executive Sean ...

Daimler said it was selling its entire remaining equity interest in EADS through this placement.

Daimler pocketed 2.2 billion euros from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS.

The sdparent company of European aircraft maker Airbus has bought back almost half a billion euros worth of its own stock from the French government.

The buyback is expected to be financed by cash available on the balance sheet and will boost earnings per share, EADS said.

France?s voting right in EADS will reduce to 12 per cent as agreed by France, Germany and Spain in order to cap their combined holdings at 28 per cent

Germany is determined to keep its share of jobs in the research and development activities of Airbus parent EADS, Roesler said.

Wilhelm said that EADS is currently strengthening its investor relations activities in Asia and the Middle East to acquire new shareholders.