The EADS board of directors has chosen Tom Enders to assume the role of CEO when Louis Gallois steps down at the end of his mandate on May 31. Now the CEO of Airbus, Enders will take over EADS for a new five-year term under the company’s bylaws.
Starting 2012 with a record backlog of airliner orders, Airbus remains unconcerned that fall-out from anticipated capital exposure by banks to Europe’s debt crisis could undermine its position.
EADS’s goal of maintaining equal revenues at its civil and military businesses continues to be compromised by the stellar success of its Airbus division. The European group’s soon-to-retire president and CEO, Louis Gallois, acknowledged as much on January 17 at the EADS New Year Press Conference in Hamburg, Germany.
Airbus has hailed 2011 as a record year for both orders and deliveries. Tom Enders, the European airframer’s president and CEO, told a January 17 joint press conference with parent group EADS that 2012 will see Airbus facing further challenges to streamline production rates and supply-chain issues, while also focusing on keeping the development of the new A350XWB widebody on track following the November 2011 confirmation of a program delay.
EADS Cassidian and Alenia Aeronautica signed an MoU to explore cooperation on the next generation of unmanned aerial systems (UAS). This is the latest maneuver within a European aerospace industry that is united in the desire to develop UAS capabilities, but divided by national and programmatic considerations. (Photo: EADS)
Airbus Military has delivered the first of four CN235 Maritime Patrol Aircraft to Mexico, and the first of two C295 medium airlifters to Ghana.
Astrium Star Airborne Data Service is at the Dubai Air Show promoting a new air-to-ground link that is designed to be faster and more relevant to airline safety economics, while also playing an important role in accident recovery and investigation.
Helicopter and business aircraft leasing firm Milestone Aviation announced at the Air Medical Transport Conference yesterday that it would purchase five new Eurocopter EC130B4 helicopters. The order is valued at $17 million, with deliveries slated for the second half of next year.
EADS North America said it has started deliveries to U.S. Army National Guard units of the UH-72A Lakota light utility helicopter fitted with special-mission package.
Turmoil in stock markets and the prospect of another public debt and banking crisis have done nothing to deter EADS in its expansion and diversification plans. The European aerospace and defense group has a war chest of €11 billion ($15.6 billion) for acquisitions, with CFO Hans-Peter Ring confirming on August 10 that the company expects to press ahead with more deals during the second half of 2011.