European Aeronautic Defence & Space Co. NV (EAD.FR) Tuesday confirmed its full-year outlook and said it still expects earnings before interest and taxes, or EBIT, of EUR1 billion in 2010.

The market development is still positive, EADS Chief Executive Louis Gallois said at the company's annual general meeting in Amsterdam.

Europe's largest aerospace group still expects sales to remain roughly stable at the EUR42.8 billion level of 2009. However, the company's calculations are based on a U.S. dollar to euro exchange rate of $1.40.

German carmaker Daimler AG (DAI) and French holding company Sogeade Lagardere together with France's government each own a 22.46% stake in EADS. Spanish state holding company SEPI owns a 5.48% stake. The company's free float amounts to 49.6%.

-By Kirsten Bienk, Dow Jones Newswires; +49 69 29725 500; kirsten.bienk@dowjones.com
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