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04 March 2010
Company

Customer Nations and EADS Come to Principle Agreement on A400M – Additional Provision to be Booked

Leiden

Customer Nations and EADS have come to a principle agreement regarding the A400M military transport aircraft with the intention to amend the original contract accordingly in the coming weeks. In this principle agreement, the Customer Nations agree to

  • Increase the price of the contract by €2 billion;

  • Waive all liquidated damages related to current delays;
  • Provide an additional amount of €1.5 billion in exchange for a participation in future export sales (Export Levy Facilities).
  • Accelerate pre-delivery payments in the period of 2010 to 2014, a new schedule of which will be finalised in the amended contract;

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EADS uses EBIT pre goodwill impairment and exceptionals as a key indicator of its economic performance. The term “exceptionals” refers to such items as depreciation expenses of fair value adjustments relating to the EADS merger, the Airbus Combination and the formation of MBDA, as well as impairment charges thereon.

EADS is a global leader in aerospace, defence and related services. In 2008, the group - comprising Airbus, Eurocopter, EADS Astrium and EADS Defence & Security – generated revenues of € 43.3 billion and employed a workforce of about 118,000.

Contacts:

Pierre Bayle Tel.: +33 1 42 24 20 63
Alexander Reinhardt Cellphone: +49 (0)1 71 76 5 03 20
Martin Agüera
Tel.: +49 (0)89 60 73 47 35
Philipp Lehmann Tel.: +49 (0)89 60 73 42 87
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