09 March 2010 - 08H30
EADS reports 2009 loss of 763 million euros
AFP - European aerospace giant EADS reported Tuesday a 2009 net loss of 763 million euros because of provisions to cover cost over-runs on its A400M military transport project and on the A380 superjumbo.
EADS recorded a net profit of 1.57 billion euros in 2008 but was hit by a 1.8-billion-euro provision for the much-delayed A400 and a 240-million-euro penalty because of difficulties stepping up production of the A380.
EADS reports 2009 loss of 763 million euros
AFP - European aerospace giant EADS reported Tuesday a 2009 net loss of 763 million euros because of provisions to cover cost over-runs on its A400M military transport project and on the A380 superjumbo.
EADS recorded a net profit of 1.57 billion euros in 2008 but was hit by a 1.8-billion-euro provision for the much-delayed A400 and a 240-million-euro penalty because of difficulties stepping up production of the A380.
