Article: Overruns push EADS into a loss for 2007 Firm says new orders will spur rebound

Nicola Clark The New York Times Media Group
International Herald Tribune
03-12-2008
Overruns push EADS into a loss for 2007 Firm says new orders will spur rebound
Byline: Nicola Clark The New York Times Media Group
Edition: 4
Section: FINANCE/BUSINESS

PARIS --

David Jolly contributed reporting.

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European Aeronautic Defense & Space on Tuesday posted its first annual loss in five years but said its prospects had improved after the U.S. Air Force awarded it and an American partner a $35 billion contract to build a fleet of aerial refueling planes.

The report came as Boeing, which lost to EADS in the bidding, filed a rare appeal Tuesday that puts the contract on hold for up to 100 days ...

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