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, ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "EADS Defense Subsidiary Sees Revenues Dip".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.