Thursday, July 10, 2014





EADS Q3 profit stalls on super jumbo costs


February 19. 2013 4:13PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The cost of fixing problems on some A380 super jumbos weighed on third-quarter profits at Airbus parent company EADS NV.


Net profit at the European aircraft giant fell 1 percent to 309 million ($394 million) in the July to September period, down from 312 million a year earlier.


EADS said Thursday it has spent 200 million of an expected 260 million total on the A380 repairs, which involve small fractures found near some rivets on some planes at the spot where wings' metal covers, or skins, are joined with the wings' ribs.


Sales rose 15 percent in the quarter to 12.3 billion, and the company says it is on track to exceed its target of 10 percent sales growth for the full year.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds