EADS To Hunker Down Until Fortunes Improve
By Jens Flottau, Amy Svitak
Source: Aviation Week & Space Technology
When EADS CEO Tom Enders announced a major strategic review of the group's defense and space business earlier this year, he inadvertently raised expectations for a plan to overcome the structural limitations of operating in Europe.
As it turns out, the grand plan has a lot more to do with cutting jobs and finding internal efficiencies than with a new approach to markets.