Giant European Contractor Loses Hope Of Profit This Year European Aeronautic Defence and Space Co. [EAD], the giant European defense contractor and maker of commercial airliners, plunged to a crushing $705 million loss in the first nine months of this year, from an $867 million profit in the nine months last year. EADS also dropped its hope of showing any profit for the full year, citing in part difficulties with development and production of its A400M military airlifter plane. As…
EADS Reels From Profit To Loss On Military Plane Woes
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