Aircraft Industry: EADS folding military unit into Airbus plane division
European Aeronautic Defense and Space Co. plans to fold its Military Transport Aircraft Division into the Airbus airliner business as part of an effort to streamline operations. The reorganization will speed development of the A400M plane model, Paris- and Munich, Germany-based EADS said Tuesday in a statement. Carlos Suarez, now head of the military transport-plane unit, will remain a member of EADS' executive committee and join the committee overseeing Airbus. The A400M won't make its first test flight before the second half of 2009, a year late. Delays stemming from engine-control software difficulties have cost EADS $2.4 billion so far, and more charges may come in the fourth quarter. Responsibility for the project has until now been assigned to the former CASA, the Spanish partner in Airbus that EADS absorbed when it was created in a mid-2000 European aerospace merger.
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