Sandy Morris News
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European Aeronautic, Defence & Space Co., Europe’s biggest aerospace and defense company, and Safran SA, the region’s second-biggest maker of aircraft engines, reduced the size of their currency-hedging portfolios for the first time in a year, filings show.
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BAE Systems Plc, Europe’s largest defense company, would not gain much value from a demerger of its U.S. business in the medium-term, according to Sandy Morris, an analyst at Royal Bank of Scotland.
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BAE Systems Plc , Europe’s largest defense company, may say it returned to profit in 2010 after fines and writedowns contributed to a loss the previous year.
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Airbus SAS won an order for 60 A320 planes from state-backed China Eastern Airlines Corp., less than two weeks after the European Union backed down in a dispute with the government in Beijing over jetliner-emission levies.
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Rolls-Royce Group Plc ’s future chief John Rishton may find his biggest challenge will be to keep his engineers busy beyond 2013, when Airbus SAS and Boeing Co. take a respite from new jetliner projects.
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A month after European Aeronautic, Defence & Space Co. buried plans to merge with BAE Systems Plc, Chief Executive Officer Tom Enders gets a chance to assure investors he can ride out demand swings in civil aviation alone.
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European Aeronautic, Defence & Space Co. and Rolls-Royce Holdings Plc dropped after Qantas Airways Ltd. canceled an order for Boeing Co. 787-9 airliners, raising concern that other carriers will also cut back.
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A Rolls-Royce Group Plc engine that exploded last November on an Airbus SAS A380 operated by Qantas Airways Ltd. caught fire because the U.K. company made an oil pipe too thin, safety investigators said today.
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Rolls-Royce Group Plc Chief Executive Officer John Rose , who turned the company into the world’s second-biggest aircraft engine maker, will retire next year and be succeeded by Royal Ahold NV CEO John Rishton
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Hours before announcing plans for the biggest merger in aerospace history, Tom Enders stood on a Berlin airfield and poked fun at the title of German aviation coordinator Peter Hintze by calling him ``the Terminator.''
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