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Boeing | Corporate Financials | Daily Rapid Fire | Issues - Political | People | USA

Rapid Fire Nov. 8, 2012: Boeing, EADS Weather Lower Mil Sales

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* Sales at EADS are up 14.6% Y/Y for the 3rd quarter, to 12.3 billion euros (about $15.7B). So far this year, Cassidian has seen stable revenue, Astrium and Eurocopter are healthily growing, and commercial sales continue to pull ahead. Airbus Military on the other hand is having a tough year because A400M revenue is significantly below 2011 levels. The group’s total defense order book decreased by 1.7 billion euros to 51.1B. Financial statement | Presentation [PDFs]. * Reuters looks further in depth into the reasons behind the failure of merger talks between EADS and BAE: “For Germany, this was a not just a battle for jobs, but for know-how and control.” * Boeing Defense, Space & Security (BDS) announced it will rotate half a dozen top executives to different assignments within the company, effective next January. According to Reuters who has seen an internal company memo, they have plans to consolidate some business units in the next 3 years and “close some facilities in California.” * Huntington Ingalls Industries reported Q3 2012 revenue of $1.6B, up 0.2% from last year. The total backlog reaches $16.4B, almost 79% of which is funded. * The US Senate Armed Services Committee (SASC) […]

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