EADS today presented a restructuring plan for its future Airbus Defence and Space Division to the European Works Council. This presentation follows a decision by the EADS Board of Directors in July this year to consolidate the defence and space businesses of the Group into one new Division and to rebrand EADS into “Airbus Group”
EADS is set to announce a draconian restructuring plan on Monday that may include thousands of job cuts and strain relations with shareholders Germany and France. In the line of fire is the company's defence and space operations, both suffering a drop in orders that the company says requires urgent attention
Poland is considering taking a stake in the European aerospace giant EADS, Polish defense ministry spokesman was quoted as saying by AFP. "We're examining the possibilities, the pros and cons, that a stake in EADS could offer the Polish arms industry," Sonta said
EADS is expected to make further announcements regarding the name change and restructuring in mid-December, according to a senior executive told Defenseworld.net
Korea will pick an aerial refueling aircraft next year with a goal of deploying it by 2017 with the tender to be announced in January, 2014. The total cost will be about $1 billion (W1 trillion) for four refueling tankers between 2017 and 2019
Dubai Airshow opened today for the first time at Dubai World Central, and has set of a record with shows order tally reaching US $162.6 billion – surpassing its previous record of US $155 billion record set in 2007
Rockwell Collins will demonstrate its most advanced in-flight entertainment, cabin systems, aviation electronics and network communication solutions at the Dubai Airshow, Nov. 17-21
Airbus Military has signed a contract with Kazspecexport, a State Company belonging to the Ministry of Defence of Kazakhstan to supply two C295 military transport aircraft. This order is implementation of the Memorandum of Understanding (MoU) that was signed in 2012 between the Ministry of Defence of Kazakhstan and Airbus Military for the procurement of eight C295s in total and on the basis of which two C295s were already delivered in 2013
L-3 Communications has been awarded a contract from Canada to provide complete in-service support (ISS) services for the countrys fleet of CC-150 aircraft. The five-year contract, with two five-year option periods, has a total potential value of $669 million
South Korea is to acquire four aerial refueling tankers to enhance operational capabilities of its Air Forces fleet of F-15Ks and KF-16s, according to the U.S Defense Acquisition Program Administration (DAPA)