Article: United Arab Emirates: EADS denies troop carrier project faces 5b-euro(USD 6.5bn) hit.

Byline: kusumv03

EADS on Tuesday denied a report that its Airbus units troubled A400M(USD 260mn) programme faced a 5 billion euro ($6.5 billion, Dh23.5 billion) cost overrun but could not say how much the cost would be or when it would make its maiden flight.

Development of the heavy troop and equipment transporter has been delayed by a split with suppliers over engine problems. Airbus parent EADS recently pushed back the first delivery by at least three years to 2012 at the earliest. Daily Le Figaro said that delays in the 20 billion euro programme could cost Airbus five billion euros, citing people "with very good knowledge" of the situation.

...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!