EADS up on strong 2Q2009 performance, Airbus cost cuts; Boeing's shares rise – Supplier Share Wrap

European aerospace concern EADS has reported a strong 1H2009 financial performance, increasing revenue and preserving its cash stockpile, rallying investor confidence in the company, despite ongoing concerns regarding some major programmes. The company is "sticking to our priorities" of protecting its cash position, managing its order book and deliveries by closely responding to customer demands, and striving to ensure a competitive positioned across its different market segments. EADS shares traded up 2.3% yesterday, to EUR13.01 per share, after hitting a EUR13.56 peak in early trading.