EADS is expected to make further announcements regarding the name change and restructuring in mid-December, according to a senior executive told Defenseworld.net.
In July, the company said it would be renaming itself after its flagship, the Airbus Group, with three subsidiaries; commercial aircraft, defense and aerospace and helicopters.
Since the announcement, EADS stocks have soared upto 82 percent this year. The company won orders and commitments worth $44 billion at the Dubai Air Show last month.
The order intake includes 142 firm orders worth US$40.4 billion (50 A380, 40 A350-900, 10 A350-1000, 26 A321neo, 10 A320neo and 6 A330-200F) and 18 Memorandum of Understanding worth US$3.6 billion.
The success in Dubai comes at the heels of the Paris Air Show where Airbus received firm orders for 241 aircraft.
"The renaming simply gathers the entire company under the best brand we have, one that stands for internationalisation, innovation and integration - and also for some two-thirds of our revenues," said EADS chief executive Tom Enders. "It reinforces the message that 'we make things fly'."
The re-branding is a a reversal from its previous plan to create, in association with BAE, a conglomerate evenly balanced between commercial and defence operations.
The German and French governments each hold 12 percent of EADS shares and Spain 4 percent. According to reports, Enders plans have been augmented after the three states annulled certain veto and board nomination rights.
His efforts have already been boosted by the three states giving up certain veto and board nomination rights.
Enders added the reorganisation, which will begin at the start of next year, would enable EADS to “take costs out, increase profitability and improve our market position”.
EADS signed a letter of intent (LoI) with CEFIPRA for creating a new innovation initiative named EADS-CEFIPRA Aerospace Programme at the India-France Technology Summit 2013. Under this programme, calls will be given to leading Indian universities and institutes to propose research projects for funding
EADS has questioned the South Koreas Defense Acquisition Program Administration (DAPA)s decision to eliminate it over procedural issues from the $7.5 billion FX fighter competition
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
EADS Cassidian, Dassault Aviation and Alenia Aermacchi jointly called for the launch of a European MALE program. Such a joint program would support the capability needs of European armed forces while optimizing the difficult budgetary situation through pooling of research and development funding
The EADS Group will present a wide array of innovative products and technologies at the 50th Paris Air Show which starts June 17 at Le Bourget, it announced today. EADS and its Divisions – Airbus, Astrium, Cassidian and Eurocopter – will showcase their products and new innovations that will help shape the future of the aerospace industry, according to a press release
EADS is offering a $2 billion investment as it gears up to compete against U.S rivals for a contract to provide 60 advanced fighter planes to South Korea
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
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