EADS Agrees Deal with A400M Partners
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EADS announced on the 5th March that its customer nations on the troubled A400M programme have agreed in principle to increase funding and maintain their order numbers.
The customer nations (Belgium, France, Germany, Luxembourg, Spain, Turkey and the U.K.) have agreed to increase the value of the contract by EUR2 billion (US$2.7 billion). In addition, they will reportedly waive all liquidated damages relating to current delays and provide an additional amount of EUR1.5 billion in exchange f...
