Ad-hoc | 1 December 2006 21:23
EADS – A350 XWB launch
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc release, 1 December 2006
EADS – A350 XWB launch
EADS gives go ahead for Airbus to launch the A350 XWB
The EADS Board of Directors has given the go ahead for Airbus to launch
the industrial programme for the new A350 XWB airliner family. In doing so,
the Board has assumed the full implementation of the Power8
competitiveness programme.
The A350 XWB – together with the A330/A340 aircraft family – will meet a
market that requires some 5,700 new aircraft being delivered in the next
two decades with more than US$ 1,000 bn value.
The programme will give a tremendous boost to the aeronautical activity
across Europe and will be a unique opportunity to bring on board new risk
sharing partners, fully supporting EADS International strategy.
The A350 XWB is going to be financed predominantly from the company
cash flows, with strong contribution from the Power8 programme and from
risk sharing partners. The funding requirements going forward will be
proactively managed in line with company policy to preserve a strong
balance sheet. EADS expects to spread the development costs of the full
XWB family over the years 2007 to 2014 with the bulk of spending occurring
in 2010-2013.
Contact:
Michael Hauger EADS +49 89 60 73 42 35
(c)DGAP 01.12.2006
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Language: English
Issuer: European Aeronautic Defence and Space Company
Beechavenue 130-132
1119 PR Schiphol Rijk Niederlande
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 – 26481
E-mail: ir@eads.net
WWW: www.eads.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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