COMMENTARY
MARKET FOCUS
A longtime goal of EADS NV CEO Louis Gallois has been to lessen the company's reliance on Airbus by expanding its defense business. While he has made progress—more than one-third of the European aerospace giant’s earnings before interest and taxes came from outside Airbus last year—Gallois wants EADS to be more like chief rival Boeing Co., which is able to rely on its military unit for more than 50% of revenues when the commercial aircraft industry hits hard times.
By Joseph C. Anselmo,Robert Wall5 min