EADS posted a net profit of eur1.03 billion ($1.38 billion) in 2004, a 60% increase on 2003 owing mainly to the strong performance of Airbus and a swing into profit by space activities. But Co-Chairman Philippe Camus warned that breakeven for the A380 program now exceeds 300 units, up from original expectations of 250 units. "If we fix the euro/dollar rate at eur1.30, and based on what we have already done for the program [in terms of currency hedging], and also taking into account the ...

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