Cassidian is preparing the ground for potentially reduced levels of revenue from its air systems and service activities after 2015, company CEO Bernhard Gerwert has revealed. The changes in the EADS defense subsidiary — called Transformation Plus — were aimed at reducing costs and improving on competitiveness in the changing market. Speaking in London to an EADS Global Investors Forum on Dec. 4, Gerwert told investors that the market was rapidly changing. While it’s clear in Europe that ...

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