Company Returns To Profit In 2008, But That Probably Won't
Last
On another day -- and in nearly any other global
economic climate -- the news shared Tuesday with investors in
European Aeronautic Defense and Space Corp. (EADS) would be cause
for celebration: after posting massive losses in FY 2007, EADS
turned things around in 2008 with a net profit of nearly $2 billion
US. Analysts believe, however, the future holds a far gloomier
picture for the aerospace consortium.