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EADS 'to cut budgets further'

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EADS 'to cut budgets further'

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EADS is reportedly planning to make bigger spending cuts.

French business newspaper La Tribune said the European aerospace group intends to double its savings to as much as 400 million euros in its “Future EADS” strategic plan. Separately, Les Echos newspaper said Britain will not pull out of the EADS’ A400M military plane programme if it is allowed to contribute less than the other countries in the project.