European aerospace group EADS is targeting acquisitions in the US this year, according to the Daily Telegraph.
Chief executive Louis Gallois told staff that one of the Airbus owner's top 10 objectives for 2008 was to 'propose two acquisition projects in the field of defence, security or services to the board, at least one of which is in the US,' the Daily Telegraph cited an internal memo leaked to the media as saying.
The move is expected to help EADS protect itself against the weak dollar, the newspaper said.
Just over a week ago, EADS and partner Northrop Grumman Corp (nyse: NOC - news - people ) surprised the market and dismayed arch-rival Boeing (nyse: BA - news - people ) Co by winning a 35 bln usd contract to build airborne refuelling aircraft. Boeing, which had been expected to win the US air force contract, has said it is considering an appeal.
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