EADS on Wednesday will change its name to Airbus, after its civil aviation division that accounts for over 70% of its sales, amid a global corporate restructuring, the company said in an official statement.
The name change which will come into effect next year, will reshuffle its space and military units into one division, the company said Wednesday. It also unveiled a 31 percent increase in first-half net profits on the same time last year to 759 million euros ($1 billion).
Under its new organization, a new defense organisation will be created dubbed Airbus Defense & Space, housing the existing military business along with satellite maker Astrium and drone and electronics business Cassidian.
The Eurocopter civil and military helicopter business remains separate in the new organization but is renamed Airbus Helicopters.
EADS chief executive Tom Enders called the changes “an evolution, not a revolution.”
“We affirm the predominance of commercial aeronautics in our group and we restructure and focus our defense and space activities to take costs out, increase profitability and improve our market position,” Enders said in the statement.
Two specially-equipped EC145 helicopters will be delivered for air ambulance service operations in Moscow according to terms of the state tender for the contract. Airbus won a contract to supply two medical helicopters for the Russian health departments Scientific and Practical Center of Emergency Medicine
Eurocopter has been rebranded as Airbus Helicopters, effective today, which joins Airbus and Airbus Defence & Space, within the new parent company, Airbus Group. Airbus Helicopters will benefit from and enrich the Airbus brand as it develops, manufactures, markets and supports a diversified and highly capable rotorcraft product line
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”
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
Japan to Develop AI-based System to Counter Cyber Attacks
Yemen Strikes Riyadh With Locally-made Drones, Ballistic Missiles
Japan To Improve Electronic Warfare Capabilities of Fighter Fleet
China’s Norinco Marks First Export of HJ-12 'Javelin Copycat' Anti-tank Guided Missile...
Chinese Military Docs Develop Novel Coronavirus (COVID-19) Vaccine
China Replaces Russian Engine in J-10C Jet With Locally-made WS-10 Taihang
Syria Destroys 6 Turkish Combat Drones, Turkish F-16s Down 2 Syrian Su-24
Russia’s Buk-M3 Air Defense System to Debut at Victory Day Parade
After laying to rest its pacifist post-World War II posture since the government of Prime Minister Shinzo Abe came to...
China is pulling off the impossible- selling arms to nations it is in conflict with over its claim in the...
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...