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EADS shares jump 3.4% after WTO ruling


This week's WTO ruling has done EADS' share price no harm, with the manufacturer's stock up 3.4% on Thursday. Some industry observers are pegging the ruling as a mixed win for EADS and Airbus, although Boeing and US business and trade have labelled the ruling another win in its case against EU subsidies. Boeing's shares were up 1.1% on Thursday.

Elsewhere, a preliminary report by the Australian Transport Safety Bureau (ATSB) found Rolls-Royce responsible for the uncontained engine failure on a Qantas A380 late last year. The engine exploded due to a defective pipe inside the engine that led to an oil leak. Rolls-Royce took 53 of the Trent 900 engines out of service following the blowout.

Selected aerospace suppliers daily share price movements (% change): 19-May-2011

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