European Aeronautic, Defence & Space Co. executives are meeting managers and employees today to unveil planned job cuts tied to a combination of space and defense assets as governments curtail spending.
European Aeronautic, Defence & Space Co. cut its free cash outlook for the full year as it spends more on aircraft programs including the A350 and said it may need to review output of its A380 superjumbo amid slack demand.
European Aeronautic, Defence & Space Co. Chief Executive Tom Enders, who beat his counterpart at Boeing Co. three years ago in a horse race in Wyoming, now has his eyes on a bigger prize: supremacy in global aerospace.
Tom Enders, a swashbuckling one- time German paratrooper, was planning to join German Chancellor Angela Merkel on a state visit to China Aug. 29 when he decided to take an end-of-summer outing and go hang-gliding.
European Aeronautic, Defence & Space Co. expects demand for the Airbus SAS A380 superjumbo, the world’s biggest passenger jet, to recover after the global financial crisis and a manufacturing flaw crimped sales.
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.''
Tom Enders slipped on his tan leather aviator jacket and shades and settled in the pilot seat of a white helicopter, before commanding the chopper through the skies of northern Germany on its 20-minute flight to Hamburg.