Seller's Market.

The article reports that a major reorganization of European Aeronautic Defence & Space Co.'s (EADS's) Sogerma MRO unit looks like the only hiccup in what otherwise is shaping up as a trouble-free, record-breaking year for the European aerospace and defense giant. Co-CEO Noel Forgeard says initial restructuring undertaken last year to turn around the maintenance, repair and overhaul division had proven insufficient, and a much more radical plan is now anticipated. The plan will involve closing Sogerma's VIP customizing business, adjusting European military MRO activities to meet demand, and redeploying civil MRO work to better performing overseas sites.