10 March 2009

United Technologies Corp. President and Chief Executive Officer Louis R. Chenevert announced $600 million of additional restructuring actions for 2009 and now expects restructuring for the year to total $750 million. These actions will result in global employment reductions of 11,600, primarily from overhead and SG&A reductions throughout UTC. Additional hourly workforce adjustments may occur […]

EADS achieved satisfying results for the full year 2008 delivering an EBIT of EUR 2.8 billion. The Group benefited from its strong underlying performance and foreign currency effects while dealing with challenges in critical programmes. EADS