European aerospace giant EADS is planning to create a single defence and space division out of three separate units. That consolidation could cost 8,000 jobs. Airplane division Airbus provides the lion's share of EADS profits nowadays.
One of Europe's most important aviation and aerospace trade fairs, the ILA Berlin Air Show, kicks off Wednesday near the German capital. Exhibitors have only four days to strike deals, two days fewer than usual.
An Egypt-led search operation has uncovered "wreckage" and "personal belongings of passengers." Authorities have yet to identify the cause of the aircraft's disappearance.
The European Commission has put forward proposals to strengthen a single market for defense research and procurement. Inefficiencies in the market result in 25-100 billion euros in waste a year.
Germany's Defense Ministry has announced it will freeze deliveries of its combat aircraft after discovering a technical problem. It's not the first time the fleet has been plagued with delays.
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