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Article: EADS goes west: "We are going west towards the transatlantic market," said Philippe Camus the co-CEO of EADS, explaining the strategy of his group in July. Since then, things have gone fast. (Special Report).
- Article from:
- Interavia Business & Technology
- Article date:
- October 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Aerospace Media Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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For most analysts, EADS is first and foremost the majority shareholder of Airbus. "EADS prospects and valuation are driven in the main by Airbus," states a recent study by Morgan Stanley, but the management of the European aerospace group has embarked on a policy that aims at reducing its sensitivity to the state of the commercial aircraft market and to the fortunes of Airbus. "You cannot be a leader if you are not in both the commercial and the defence business," says co-CEO Philippe Camus.
The group has clearly decided to rapidly increase its participation in the defence market, and, according to Jean-Louis Gergorin, executive VP strategic coordination, defence ...