EADS to Change Name to Airbus Group and Combine Defense, Space Operations

Eads logoEADS has announced plans to consolidate the operations of its defense and aerospace units in an effort to reduce market vulnerability of its defense business, MarketWatch reported Wednesday.

Monica Houston-Waesch writes EADS will change its name to Airbus Group as part of the reorganization that will see the company’s Cassidian defense division merge with its aerospace unit, Astrium.

The renamed company will have three divisions: Airbus, Airbus Helicopters and Airbus Defense & Space.

“This structural change will provide optimized market access, cost and market synergies and improved competitiveness overall, ” EADS said Wednesday.

Airbus delivered 295 commercial aircraft during the first quarter of this year, compared with 278 deliveries in the same period last year, according to the report.

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