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BREAKING NEWS

EADS profit plunges

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EADS profit plunges

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EADS saw its core profit plunge 77 percent in the third-quarter but that was better than had been expected.

Europe’s largest aerospace group was hurt by the downturn in civil aviation, the weak dollar and delays to its A400M military transport plane programme. Core earnings were just over 200 million euros. EADS did say it is “cautiously envisaging” economic improvement in the next few months.