EADS likely to scale back US strategy

EADS, the European aerospace and defence conglomerate, is likely to have to scale back its US strategy after pulling out in March 2010 of a multibillion-dollar military tanker competition, according to the chief executive.

Louis Gallois said previous plans to boost revenues from its US subsidiary to about $10bn by 2020 would probably be reduced after the company reviewed the outlook in the next few months.

ESO: Background information: Europe cries foul over US defence tender http://www.europeansources.info/record/europe-cries-foul-over-us-defence-tender/

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