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A400M - revised delivery schedule

"EADS informs A400M customers about revised delivery schedule
Amsterdam, 17 October 2007

EADS has informed its A400M customers, including OCCAR, of its revised estimate for the first aircraft deliveries schedule. This will affect A400M deliveries to both European and other customer nations. A400M deliveries are now expected to start six months later than initially planned with a risk of a further slippage of up to a half year.
The re-scheduling of the programme is driven by the slow progress in engine development, which stands on the critical path to achieving first flight, schedule overruns in the systems development, and a flight test programme that differs significantly from that of commercial Airbus aircraft.
Mitigation measures are being implemented, and the financial consequences are currently being assessed. They will be communicated with the 9-months earnings disclosure.
The first A400M is in production in the new final assembly line in Seville, Spain and is due to make its first flight in summer 2008. Sections of subsequent aircraft, which will join the flight test aircraft fleet, are in production. To date, the first nine contractual milestones have been completed including the inauguration of the Aircraft Test Facility. The A400M Systems Simulator, designated "Aircraft Zero", was presented to the customers by means of a fully functional demonstration at the end of July 2007. This simulator is an essential part of the aircraft certification process.
EADS is a global leader in aerospace, defence and related services. In 2006, EADS generated revenues of € 39.4 billion and employed a workforce of about 116,000. The Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and EADS Astrium, the European leader in space programmes from Ariane to Galileo. Its Defence & Security Division is a provider of comprehensive systems solutions and makes EADS the major partner in the Eurofighter consortium as well as a stakeholder in the missile systems provider MBDA. EADS also develops the A400M through its Military Transport Aircraft Division."

Source : http://www.eads.net/1024/en/pressdb/pressdb/20071017_eads_a400m.html