EADS To Report Today

March 10, 2009 by
Filed under: Boeing, Business Line, Companies, Countries, development program, EADS, Earnings, Events, France, Germany, logistics, Military Aviation, Northrop Grumman Corp. 

One of the two largest aerospace companies in the world will report its annual earnings tomorrow. EADS is supposed to report a profit, although it has the A400M program hanging over its head. The troubled military transport now over two years late may cause a massive charge to the 2008 earnings Bloomberg.com writes. The way the original contract is written any of the seven customers can cancel the aircraft in the near future. If this program fails it will be the second major blow to the company in three years following the A380 delays and the financial hardship that caused the company. EADS had restructured in in a bid to fix the issues with their premier military program. EADS is also waiting to hear about the KC-X contract in the U.S. A contract that it had won in partnership with Northrop Grumman that was overturned on a protest by Boeing. EADS’ earnings for 2008 will be interesting, as there was so much potential there for a recovery from the losses caused by the delays in the A380.

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