EADS reports Q4 loss on cost overrun charge
European Aeronautic Defense & Space Co. released its results for fourth quarter as well for the full year 2009 today. The company posted a net loss because of the €1.8 billion cost overrun charge on its delayed A400M military airlifter program, according to the company release.
Guidance on A400M to be retreated by EADS
Following reports confirming notable price increase, Airbus parent EADS informed Wednesday about its plans to repeat financial guidance related to the delayed A400M military transporter programme.
Via an emailed statement, EADS said, "With regard to recent press reports on the A400M programme, EADS explicitly cautions against the misinterpretation of figures taken out of their context as long as negotiations with the customer OCCAR and the launch nations are ongoing."












