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EADS CEO eyes acquisitions

Wednesday, September 08, 2010 - 04:38

Sept. 8 - EADS CEO Louis Gallois says the firm is making the U.S. a priority for expansion and is targeting the defense, security and services sectors.

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EADS assisting on nine billion euros in cash European aerospace and defense company sees the US is an essential market. He says it has the capacity acquisitions. You -- the chairman and C yes and he comes all the business you'll beg your that the that -- joins us now from the Reuters aerospace and defense summit the I haven't -- it's. Let me ask you about acquisitions festivals. Are you ready now to be more aggressive you close to anything US a time when the US defense budget is under real Prussia and is gonna be it it's a tough. Fight how does that make strategic sense when you see can't really see substantial deal. Strategy here the targets these forests to be become. The US aircraft manufacturer . But our life is not let's take its case. And do it's can you that we don't know trinity. Two -- a EADS assisting on nine billion euros in cash European aerospace and defense company sees the US is an essential market. He says it has the capacity acquisitions. You -- the chairman and C yes and he comes all the business you'll beg your that the that -- joins us now from the Reuters aerospace and defense summit the I haven't -- it's. Let me ask you about acquisitions festivals. Are you ready now to be more aggressive you close to anything I -- you mentioned the US is a prime market is is there anything. In the pipeline -- switching capacity which is is it nine billion euros in net cash we have the capacity to reason that physicians should. We need it to Ben and simple to put you but can you as a company. And to be less dependent commercial. And I think that time -- right one to do that because we islands of process of it Korea's economy. It means that it -- he's been -- And that these -- that Leo and now. Creating a lot of companies -- to news to you what rubio targets. Let you know we will -- We go we we got targeting three feet so -- activities defense. Security. And citizens. And suppose he's -- US. of becoming a prime -- US a time when the US defense budget is under real Prussia and is gonna be it it's a tough. Fight how does that make strategic sense when you see can't really see substantial profit margins in this market. Foods available before that if you defense industry. Is its final minutes. Ago we lots more. I think this morning to US defense market it means that less sensitive to duplication. Also global defense -- It's full -- that I think he makes sense for us to increase an office. In the US. We don't. Being decency he chooses a new information of some different. You've been in a very sort of competitive fight we've Boeing evident tanker issue at what point is that fight. Become so aggressive at the margins don't interest you anymore. That's PO for us we really go in six do we is. Field conviction that we have to make profit. We don't know the as a way to. To make a price you know. Yes chemicals. That's -- we want to make for you know for us -- deal. Strategy here the targets these forests to be become. The US aircraft manufacturer . But our life is not let's take its case. And do it's can you that we don't know trinity. Two -- a price. To took it we we we we don't make it competitive offer which would be aggressive but -- people to. The W she WTO cases since you've -- delay. In the case the use case against the US how that delay in -- to do business. We we ups we we had a feeling when you read. That. So people to begins to bullying was once again to date. We when he wins -- feeding that we will -- Coke differently treat. But now is upon us we always people's. Revolt against -- next week we've seen. And a final final question. Do you. Get a level playing field manual competing. For business in this country do you feel the goat you're having a level comparing go to guy who called. Aliens detained here. We get treated you know -- and very professionally. I have -- that they know complained -- that we were treated. In -- US needs. It's true -- danger these people's profiles it nice that you can do you go to us and all the programs we have no complaint them. Mr. Goss thanks very much for joining us thank you punch that was -- you gotta -- these CEOs of the idea it's. In Washington I'm Simon dead yet and this is right it's.

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EADS CEO eyes acquisitions

Wednesday, September 08, 2010 - 04:38