31 Jul '13, 11am

EADS Announces Name Change, Restructuring

EADS Announces Name Change, Restructuring

LONDON — EADS is pulling its defense, space and military airlifter activities into a single division as part of a restructuring that will see the whole company adopt the name of its core commercial aircraft building operation. Reorganization of defense and space operations was the most significant part of restructuring moves announced Wednesday that will see Europe’s premier aerospace company renamed the Airbus Group and its operations split into three divisions. Gone are the Cassidian, Astrium and Eurocopter brands. In their place come Airbus Defence and Space, Airbus Helicopters and Airbus itself, which will be responsible for commercial aircraft activities. In a statement, EADS said pooling the space and defense entities is the group’s response to the changing market environment marked by flat or shrinking budgets in the Western hemisphere. “This structural change will ...

Full article: http://www.defensenews.com/article/20130731/DEFREG01/3073...

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