Wednesday, April 9, 2008

EADS says looking to U.S. for acquisitions, opportunities

Louis Gallois, chief executive of European aerospace giant EADS, said Monday the company would look to United States for acquisitions and other opportunities throughout the Americas.

EADS 'is looking carefully at medium-sized American companies to see if they could be a target for us,' allowing the company to limit the impact of a strong euro on exports and boost its defence business, Gallois said.

'Pushed by the (weak) dollar, we are going to increase our purchases in the dollar zone -- in the United States but also in other countries such as Mexico,' Gallois told a meeting organised by groups promoting Franco-U.S. ties.

Read Complete Story

No comments: