UPDATE 1-EADS aims to overtake Boeing in all areas

Newswire

(Changes dateline from FRANKFURT; adds detail, background) SCHORSSOW, Germany, April 26 (Reuters) - Europe's largest aerospace firm EADS aims to overtake U.S. arch-rival Boeing within 10 years, and is sticking to its 2004 targets, executives said in remarks embargoed for Monday. Joint Chief Executive Rainer Hertrich repeated that 2004 earnings before interest and tax (EBIT) should grow to 1.8 billion euros ($2.1 billion) on flat sales, and said defence orders on hand should reach 50 ...

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