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November 10, 2007

Blame It On The Dollar: EADS Posts $1.14 Billion Loss In Third Quarter

Delays To A400M Program Only Part Of The Problem, EADS Says

It was as bad as they said it would be. On Thursday, EADS reported a third-quarter loss of $1.14 billion, the result of the combination of costly delays to a military aircraft program, and the declining value of the US dollar against the euro.

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