logo
Plus   Neg
Share
Email
Comment

EADS Moots Name Change To Airbus: Reports

European Aeronautic Defence and Space Co. or EADS NV (EADSF.PK,EADSY.PK) is considering to change its name to that of its better-known unit Airbus, reports said Wednesday. A decision may be taken before the presentation of the company's earnings on July 31.

EADS' executive committee is holding a meeting today. The company's board is scheduled to meet next week.

Airbus, maker of commercial and military aircraft, is better known internationally than its parent company. The unit generated about two-thirds of EADS' earnings and revenue in 2012.

EADS got its current name when French, German and Spanish companies brought together their aerospace assets in 2000.

Tom Enders, chief executive officer of EADS, is said to have established a working group to study the legal and technical aspects of the name change.

The stock rose 0.3 percent in Paris on Wednesday to close at 41.70 euros.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Shares of BP Plc were losing around 2 percent in the morning trading in London after the British energy giant said Tuesday that it now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter for Deepwater Horizon settlement program. BlackBerry Ltd. has introduced a new a cloud-based cybersecurity program that will scan automakers' software for threats amid increased concerns about hacking in Internet-connected cars. BlackBerry Jarvis, the transformational software cybersecurity product, helps carmakers detect security flaws in software before it goes into their vehicles. General Motors Co. said it plans to mass-produce self driving cars that will have no steering wheel, pedals or manual controls by 2019. The automaker has filed a safety petition with the Department of Transportation for its fourth-generation self-driving Cruise AV, its first production-ready vehicle built from the start to operate safely on its own.
comments powered by Disqus
Follow RTT