EADS memo seeks acquisitions, industrial boost

10 Mar, 2008

EADS wants to identify up to two acquisitions in the United States this year, according to an internal memo obtained by Reuters as the European aerospace group battles opposition in Congress to a US Air Force deal.
Chief Executive Louis Gallois told staff that one of the group's top 10 objectives for 2008 was to "propose 2 acquisition projects in the field of defence, security or services to the board, at least one of which is in the United States".
The aim is part of a call to action for 2008 distributed days before EADS is expected to unveil annual losses triggered by industrial problems in its European plants and a weak dollar.

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