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MOSCOW With its new 10% stake in Irkut Corp., EADS aims to strengthen its relations with the Russian aerospace industry. The purchase late last month, for 55 million euros ($66 million), will give EADS a seat on Irkut’s nine-member board. As Russia's largest privately controlled aircraft manufacturer, Irkut is a likely key component in the single aerospace company the Russian government is striving to set up to consolidate the fragmented aerospace/defense industry.
By ALEXEY KOMAROV