BERLIN — EADS defense division Cassidian has seen its earnings fall nearly 60% in 2012 in the face of the downturn in defense spending. While Cassidian’s declines were offset by a successful year for the Airbus Commercial and Military businesses, its earnings fell to €142 million ($185 million) in 2012, compared to €331 million in 2011. Revenues also dipped slightly by 1% to €5.74 billion, although the company’s order intake rose to €5 billion in 2012 compared to €4.2 billion in 2011, ...

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