EADS up 3%, other manufacturers slipping – Suppliers Share Wrap


EADS shares rose 3% yesterday, following a major French defence acquisition and more speculation that EADS could beat Boeing for the USD35 billion US Air Force aerial tanker competition. The French Ministry of Defence announced a EUR1 billion order for two satellites from EADS’ Astrium unit.

Meanwhile, a Seattle Times report has revealed that two unnamed Boeing executives believe EADS could win the US tanker contract after the Air Force mistakenly sent analysis of the two bids to either side of the competition.

Other manufacturers traded down, with Boeing dropping 0.5% and Embraer losing 0.6%. Shares in Bombardier were flat, despite the company announcing a major tie-up with China for its rail division. Russia’s United Aircraft Corporation was up 1.8%.

GKN Aerospace dropped 0.7%, despite more positive news from the company. It announced the extension of a deal with Airbus UK to provide engineering design and analysis support.

Selected Original Equipment Manufacturers daily share price movements (% change): 07-Dec-2010

Selected Aviation Suppliers & Leasing daily share price movements (% change): 07-Dec-2010

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