Rapid Fire July 31, 2013: Meet the Airbus Group (Formerly EADS)
- EADS announced revenue up 6% to 26.3 billion ($34.9B) for the 1st half of 2013. Defense grew by 3% to 5 billion euros ($6.6B). Confirming recent reports, the group is taking the Airbus name, and regrouping its defense activities under the Airbus Defence & Space division. Headquartered in Munich, Airbus D&S will account for 45,000 employees and 14 billion euros in yearly revenue. However military helos will be handled with their civilian brethren under the separate Airbus Helicopters.