Annual net profit soared to 2.8 billion euro (£2.5 billion) in 2017, up from 995 million euro (£883 million) the year before, thanks to “strong deliveries”, swelling orders and favourable currency translations. However, the A400M continued to be the thorn in the side of the aerospace giant, as it took a financial hit from efforts to iron out technical and delivery issues. Chief executive Tom Enders said: “We overachieved on all our 2017 KPIs thanks to a very good operational performance, especially in the last quarter.

Source: Irish Independent February 15, 2018 12:00 UTC