Thursday, March 3, 2011

EUROPEAN UNION - The defeat of EADS cache can be a victory

U.S. manufacturer Boeing has won the contract to $ 30 billion and provide aircraft refueling tankers to the U.S. Air Force. "Boeing is pleased to have won against EADS, says the Financial Times Deutschland (FTD), but this triumph over the medium term could have a boomerang effect." Main reason: the development of the 767 model yet exists only on paper and could lead to cost overruns and delays.

Still, "this defeat is a setback for EADS, which aspires to enter the American defense market," the business daily. A setback or an opportunity? The Tageszeitung of Berlin, believes that "this defeat is a victory. (...) The arms market, in which EADS is heavily involved, is not so profitable as people think.

Better to invest the expertise of engineers in the civil aviation and aerospace - where the market is very dynamic, where EADS has already managed to double its competitor Boeing. "

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