( dpa ) - The European Aeronautic Defence and Space Company (EADS) is planning to expand further in the United States this year, the company's chief strategist Marwan Lahoud told Saturday's edition of daily Le Figaro.
The company was planning takeovers worth around 1 billion dollars in 2008, he told the paper, while the company also planned additional acquisitions in the service sector.
"We have to grow organically in the US," Lahoud said, explaining that the company's strategy was to balance activities inside and outside of Europe.
EADS company Airbus held around 75 per cent of the Indian market for civilian airplanes, while it accounted for 35 per cent of planes in China, he said.
In 2009, the company was planning to assemble Airbus planes in China, while four planes a month were to be produced for the Chinese market from 2011, according to Lahoud.