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.
- EADS' share price increases by 3.4% following the WTO ruling.
- The WTO ruling is seen as a mixed win for EADS and Airbus, but a win for Boeing and US business.
- Boeing's shares rise by 1.1% after the WTO ruling.
- Rolls-Royce is found responsible for the uncontained engine failure on a Qantas A380.
- The engine failure was caused by a defective pipe leading to an oil leak.
- Rolls-Royce takes 53 Trent 900 engines out of service after the incident.
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
