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Saturday, January 15, 2011

A400M, KC-X Decisions Loom For EADS

KC-45Two important milestones will occur in the coming weeks for EADS’s A400M military airlifter program and tanker ambitions in the U.S.

The European aerospace giant has been waiting for a new A400M contract — revised last year to deal with several billion euros in extra costs — and a new schedule. That contract is near completion and awaiting a German parliamentary budget hearing on Jan. 19.

Also in the offing is an agreement on an export levy facility, says CFO Hans-Peter Ring. That is a funding mechanism set up through which countries provide money to the program and receive royalty payments.

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