Boeing and Airbus higher; EADS expands cost cutting initiatives - Share Wrap

European and US stock markets put in another strong performance yesterday, helping most aviation suppliers to show solid gains at the start of the week. EADS' share price was 2.4% higher as the company reportedly extended the targets for its 'Future EADS', from EUR200 million to EUR300-EUR400 million. The move could signal that EADS' revenue is suffering more than anticipated due to the recession, but with costs of some EUR35.9 billion in 2008, further efficiencies are possible.