New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 5, 2012
12:11 EDTEADSYEADS says company, core holders agree on overhaul of governance, ownership
The EADS Board of Directors and the company’s core shareholders have agreed on a far-reaching change of the company’s shareholding structure and governance. This agreement aims at normalizing and simplifying the governance of EADS while securing a shareholding structure that allows France, Germany and Spain to protect their legitimate strategic interests. Subject to the vote of the Extraordinary General Meeting of the shareholders of EADS, the present shareholder pact, called “Participation Agreement”, in place since the company’s foundation in 2000, will be terminated and replaced by a new, limited arrangement between the French, German and Spanish Governments. France, Germany and Spain have agreed on a capped government shareholding, with Germany and France intending to ultimately hold up to 12% each and Spain circa 4%. The three states will have reciprocal pre-emption rights. The amended Articles of Association of EADS will contain an ownership and voting restriction from crossing the 15% threshold by shareholder individually or collectively. Certain specific French and German national security interests will be protected through the creation of “national defense companies” holding sensitive military assets, and including the rights of France and Germany to consent to three outside directors to the board of their respective “national defence companies”. Under the new governance scheme, no veto right will be given to any group of Directors in the Board or to any shareholder at the Shareholders’ Meeting.
News For EADSY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 31, 2014
09:27 EDTEADSYWestern Power Distribution, Airbus enter purchase agreement
Subscribe for More Information
October 30, 2014
10:46 EDTEADSYUnited Technologies unit pulls out of $3B Polish helicopter tender, Reuters says
Sikorsky Aircraft, a unit of United Technologies (UTX), which was competing with Airbus (EADSY) and Finmeccanica's AugustaWestland, has withdrawn from the bidding for a $3B contract to supply helicopters to the Polish military because it would have been impossible for them to deliver their Black Hawk copters according to the tender requirements, reported Reuters, citing a statement from the company. Reference Link
October 29, 2014
06:26 EDTEADSYAirbus aims to launch first U.S. plant with bigger A321 plane, Reuters says
Subscribe for More Information
06:18 EDTEADSYAirbus Defense, Space, TASL bid for Indian Air Force Avro replacement program
Airbus Defence and Space and Tata Advanced Systems have submitted a joint bid to replace the Indian Air Force's fleet of Avro aircraft with the Airbus C295 medium transport. The teaming follows an industrial assessment and stringent evaluation of the Indian private aerospace sector by Airbus Defence and Space, which concluded with the selection of Tata Advanced Systems as the Indian Production Agency exclusive partner for this program. A total of 56 Avro aircraft are to be replaced. In the event of contract award, Airbus Defence and Space will supply the first 16 aircraft in ‘fly-away’ condition from its own final assembly line. The subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems in India. This will include undertaking structural assembly, final aircraft assembly, systems integration and testing, and management of the indigenous supply chain. Reference Link
06:15 EDTEADSYAirbus Defense, Space signs cooperation agreement with DCNS
As part of the 2014 Euronaval exhibition, Airbus Defence and Space and DCNS signed a cooperation agreement on October 28 in Paris to develop a ship-based helicopter UAS capability. This technological partnership will help to speed up the market release of the TANAN vertical take-off and landing tactical helicopter UAS, as it takes into account the naval sector’s requirements and the aircraft’s efficient integration onto all types of armed vessels from the outset. Airbus Defence and Space will produce the entire certified unmanned aerial system, the vehicle with its payloads, the datalink and the UAS control station. Reference Link
October 22, 2014
13:44 EDTEADSYTerna receives two Airbus Helicopters AS350 B3e rotocraft
Terna has taken delivery of two Airbus Helicopters AS350 B3e rotorcraft to perform surveillance and maintenance support for power lines that deliver electricity throughout the country. These two Ecureuil family helicopters were delivered by Airbus Helicopter’s long term Italian distributor, Aersud Elicotteri, who won Terna’s tender and will retrofit some of the equipment required by the customer. The new aircraft provide Terna with its own resources to conduct airborne operations, enabling the company to provide such services rather than relying on subcontractors.
13:43 EDTEADSYThai navy, air force acquires five EC645 T2, two EC725 rotocrafts from Airbus
Subscribe for More Information
06:55 EDTEADSYAirbus aims to replace Boeing 757 with long-haul A321neo, Reuters says
In an effort to replace with Boeing's (BA) discontinued 757 jetliner, Airbus (EADSY) has started offering carriers a long-haul model of its A321neo aircraft, according to Reuters, citing comments from an Airbus representative. Reference Link
06:51 EDTEADSYAirbus China head sees helicopters as largest market in 6 years, Reuters says
Subscribe for More Information
October 21, 2014
08:02 EDTEADSYKaman unit awarded LTA by Rolls-Royce
Subscribe for More Information
October 20, 2014
06:10 EDTEADSYLufthansa publishes timetable in response to VC planned strike
Subscribe for More Information
October 17, 2014
06:03 EDTEADSYAirbus cuts production rate of A330 aircrafts to 9 from 10 per month
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use