Precision Castparts profit rises on acquisitions

(Reuters) - NEW YORK, July 24 - Precision Castparts Corp. said on Monday quarterly profit nearly doubled, boosted by acquisitions and strong demand for its metal aerospace and industrial components.



The company, which makes engine parts and fasteners for planemakers Boeing Co. and the Airbus unit of EADS , reported a profit of $226.4 million, or $1.62 per share, for its fiscal first quarter. That compared with $115.1 million, or 84 cents per share, in the year-earlier quarter.


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EADS could make buys to improve business balance

(Reuters) - Gallois added that EADS still needed new shareholders even
though the group did not need to raise fresh capital.




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Airbus German workers set terms for plant sales

(Reuters) - HAMBURG, Germany, July 11 - The German works council of aerospace group EADS unit Airbus will not oppose the sale of Airbus factories in Germany under some conditions, works council head Ruediger Luetjen said.



The workforce would go along with such divestments if a buyer agrees to maintain the plants for the long term and honours current wage agreements, he told a news conference on Wednesday.


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AIRSHOW-EADS seeks to prove itself as a "normal company"

(Reuters) - The call from French and German executives came on the eve
of the Paris Air Show, where French President Nicolas Sarkozy is
expected to set out his vision for European aerospace amid
doubts over the future of a sensitive EADS shareholder pact.




EADS has been plagued by disagreements between French and
German shareholders, politicians and staff over output delays at
Airbus, which contributed to 10,000 job cuts and slowed down
Europe's largest industrial project, the A380 superjumbo.


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