Matt Molnar
2008-03-10, 09:47 PM
Bloomberg, via Seattle Post-Intelligencer:
Tanker deal adds to Airbus' challenges (http://seattlepi.nwsource.com/business/354341_eads10.html)
Falling U.S. dollar overshadows win
By ANDREA ROTHMAN
BLOOMBERG NEWS
Two years ago, Airbus sent 1,000 workers from Germany to Toulouse, France, to help build the A380 superjumbo because local employees couldn't read the manuals, which were printed in German. They're still there.
The manuals show why the euphoria over a $35 billion U.S. Air Force tanker contract may be fleeting for investors in European Aeronautic Defense and Space Co., Airbus' parent.
EADS is still struggling to manage a company made up of former rivals from France, Germany, the U.K. and Spain. The aircraft maker hasn't solved currency, program-management and work force-integration issues that sliced 41 percent off its share price in the past two years. The Boeing Co., which EADS beat for the tanker deal, gained 10 percent in the period. [Full Story (http://seattlepi.nwsource.com/business/354341_eads10.html)]
Tanker deal adds to Airbus' challenges (http://seattlepi.nwsource.com/business/354341_eads10.html)
Falling U.S. dollar overshadows win
By ANDREA ROTHMAN
BLOOMBERG NEWS
Two years ago, Airbus sent 1,000 workers from Germany to Toulouse, France, to help build the A380 superjumbo because local employees couldn't read the manuals, which were printed in German. They're still there.
The manuals show why the euphoria over a $35 billion U.S. Air Force tanker contract may be fleeting for investors in European Aeronautic Defense and Space Co., Airbus' parent.
EADS is still struggling to manage a company made up of former rivals from France, Germany, the U.K. and Spain. The aircraft maker hasn't solved currency, program-management and work force-integration issues that sliced 41 percent off its share price in the past two years. The Boeing Co., which EADS beat for the tanker deal, gained 10 percent in the period. [Full Story (http://seattlepi.nwsource.com/business/354341_eads10.html)]