Financial Times FT.com

EADS says Paris stake hurting US move

By James Boxell in London

Published: December 14 2006 22:16 | Last updated: December 14 2006 22:16

Attempts by EADS to break into the lucrative US defence market are being hampered by the French government’s 15 per cent stake in the European aerospace group, according to its German co-chief executive.

Speaking at the launch of a military helicopter for the US Army this week, the first big Pentagon contract for EADS, Tom Enders said the “government shareholding is not conducive to doing business in the US”.

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