EADS Astrium Revenues Climb

Satellite manufacturer EADS Astrium reported revenues of 1.4 billion euros ($1.9 billion) in the first half of 2007, a 12 percent increase over revenues of 1.3 billion euros ($1.8 billion) in the first half of 2006, parent company EADS reported July 26.

The increase was driven by the ramp-up in Paradigm services, increased Ariane 5 production and the ballistic missiles business, EADS said.

Earnings before interest and taxes were 47 million euros ($64.5 million) in the first half of the year, up from 38 million euros ($52.1 million) in the first six months of 2006.

Astrium backlog stood at 13.1 billion euros ($18 billion) at the end of June, compared to 12.3 billion ($16.9 billion) at the end of June 2006.