UPDATE 1-EADS selects tier-one engineering suppliers


(Adds details from statement) PARIS, May 29 (Reuters) - European aerospace group EADS said on Thursday that it had selected 28 preferred and strategic suppliers for engineering services in a move that would lead to "significant" cost reductions. The 28 suppliers -- four Indian and 24 EU-based companies -- were selected out of an existing pool of around 2,000 suppliers, the statement said. "This is in line with both a continuation of EADS' global sourcing strategy and the Smart Buying ...

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