EADS chief executive Louis Gallois said the company will 'continue to target' mid-sized acquisitions in the US as part of its drive to combat the weakness of the dollar and achieve a 'better balanced' company.
Gallois said 'with our cash position, we have the capacity to buy,' but did not give further details of likely targets.
'The dollar is very low - it is the right time to buy in the states. A large part of our customers are in the United States. We have to demonstrate a large footprint to be able to sell to these clients.'
Gallois said the company is targeting 10 bln eur sales in the American market, excluding Airbus, compared with a current level of around 2 bln eur.
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