EADS has reported 2010 net income of €553 million from a €763 million net loss in 2009, on the back of 7% revenue growth to €45.8 billion driven by a strong commercial aircraft performance. CEO Louis Gallois called 2010 a year of significant progress which exceeded expectations. But the company noted in a statement that the A350 is a top risk program. Airbus for its part posted 2010 EBIT of €305 million, from €1.37 billion loss in 2009. Airbus’s revenue lifted 7% year on year to €29.98 billion on the back of a number of A380 deliveries. Full-year gross commercial aircraft orders more than doubled to 644 from 310 in 2009.
EADS 2010 RESULTS
