EADS beats full year profit target

MUNICH (AP) _ The parent company of planemaker Airbus on Tuesday reported an 89 percent gain in fourth-quarter net profit but warned of "very challenging" years ahead.
¶ European Aeronautics Defense and Space Co. said it expects a decline in profitability this year as it cuts aircraft prices and helps customers finance deliveries to cope with the darkening outlook for the global economy.
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