European Aeronautic Defence and Space Company / Miscellaneous
13.05.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EADS A380 review
A380 production ramp-up revisited
EADS' (stock exchange symbol: EAD) subsidiary Airbus has completed the A380
programme review and is now informing customers about changes to its
delivery schedule. The review assessed the programme status at the critical
juncture of transitioning from low rate 'individual' production, so-called
Wave 1, to the full serial design and manufacturing process, called Wave 2.
Overall, the recovery programme, initiated in summer 2006, is progressing
well. Four aircraft were delivered as planned and are performing very well
in airline operations on long-range routes. Seventeen aircraft are in
various stages of production, mainly in the wiring installation and system
testing phases. Most aircraft earmarked for delivery in 2008 have already
flown.
However, the review has also shown that the steep ramp-up planned in 2006
is not fully achievable. Time and resources needed for Wave 1 production
aircraft are higher than expected, and this has created some delay in the
changeover to Wave 2 with its new design and manufacturing process.
As a result, Airbus plans now for 12 (instead of 13) deliveries in 2008 and
21 (instead of 25) in 2009. Details about the new plan and the further
ramp-up and delivery slots in 2010 and the following years will be
discussed with customers in the coming weeks.
The results of this review do not, at this stage, cover the financial
impact. The extent of the additional costs will be influenced by the actual
production and delivery scenario. This will follow discussions with the
customers and a more precise evaluation of the implications of the new
delivery schedule for 2010 deliveries and beyond. This will therefore take
some more time to determine.
Contact:
Pierre Bayle +33 1 42 24 20 63
Markus Wölfle +49 89 60734287
DGAP 13.05.2008
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Language: English
Issuer: European Aeronautic Defence and Space Company
Beechavenue 130-132
1119 PR Schiphol Rijk
Niederlande
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
E-mail: ir@eads.net
Internet: www.eads.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: EADS: A380 production ramp-up revisited
| Source: EQS Group AG