Europe's EADS aerospace company on May 14 said double-digit increases in revenue in its Astrium Satellites and Space Transportation divisions overcame a sharp drop in revenue in the once high-flying Astrium Services business. Total Astrium revenue for the three months ending March 31 was 1.369 billion euros ($1.78 billion), up 3 percent from the same period a year ago. Earnings before interest and taxes was 4.8 percent of revenue, down from 4.9 percent a year ago, reflecting the generally lower margins in the hardware businesses compared with the services sector. Astrium's backlog at March 31 stood at 12.1 billion euros, down from 12.7 billion euros as of Dec. 31.
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