Tuesday, July 28, 2009

EADS 2Q report

PARIS - EADS NV, parent company of Airbus, reported second-quarter net profit rose close to 70 percent. Earnings before interest, taxes and other items rose to $936 million, up from last year but below analysts’ forecasts. The company also warned it may take hits on future profits from the delayed A400M military transport program. (Sources: multiple, including AP via Google, Dow Jones via Wall Street Journal, Bloomberg, 07/28/09) Gulf Coast note: EADS plans to build a tanker assembly plant in Mobile, Ala., if it and partner Northrop Grumman win an Air Force contract.