EADS 1Q net down 39%


PARIS: Airbus parent company EADS NV on Friday reported that first quarter net profit fell 39 percent as its planemaker unit struggled with the "challenges" of its A380 superjumbo program.

Paris-based European Aeronautic Defence & Space Co. said that net profit in the January to March period fell to euro103 million ($129 million) from euro170 million a year earlier.

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