EADS 2007 net loss disappoints

March 11, 2008

But Airbus' parent company said it had turned the corner after being hit by industrial problems, including delays to the A380 superjumbo and a weak dollar. EADS stressed their positive start to 2008, after they and Northrop Grumman won a $35 billion aerial refuelling tanker contract from the U.S Airforce at the end of February, ahead of rival Boeing.Joanna Partridge reports for ReutersJoanna Partridge reports for Reuters