Corrects second paragraph to show the division that failed to post higher revenue was the Airbus Military Aircraft division, not Defense and Security
FRANKFURT/PARIS (Reuters) - EADS (EAD.PA)(EAD.MC)
The only one of the European aerospace company's five divisions that failed to post higher revenues was the Airbus Military Aircraft division, which faces steep penalties on delayed delivery of its A400M military transport aircraft.
EADS is due to report annual results on Tuesday.
An EADS spokesman declined to comment on the contents of any staff publication, but said that nothing new had been communicated to staff beyond what Chief Executive Louis Gallois had already said in public.
EADS shares edged up 0.3 percent in Paris by 0812 GMT.
On January 13, Gallois had said that EADS, which owns airplane maker Airbus, generated around 42 billion euros of revenue in 2008, up from 39 billion a year earlier.
Gallois told employees that the company would concentrate on preserving its cash holdings in 2009, FT Deutschland said.
Due to the global economic crisis, the company would reach some of its 2020 targets later than planned. It still aimed to double annual sales to 80 billion euros and lower the proportion of sales generated by Airbus to 50 percent from two thirds.
(Reporting by Maria Sheahan in Frankfurt and Tim Hepher in Paris; Editing by David Cowell and Jon Loades-Carter)
