New A400M setbacks cost EADS €340million
Tuesday, Nov 18, 2008
EADS has been forced to take a further €341m ($434m) charge for the latest delays to the development of its A400M military transport aircraft, bringing the extra costs of Europes biggest military contract to €1.7bn.
It warned that it was still unable to produce a reliable delivery schedule and said it would face further charges for the loss-making fixed price contract, possibly before the end of the year.
Source: Financial Times
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