Europe's EADS aerospace conglomerate on March 8 said its Astrium space hardware and services division reported flat revenue and lower pretax profit for 2011, with increased satellite manufacturing and launch-vehicle sales offset by lower services revenue. The company said restruc- turing charges associated with Astrium's Agile performance-improvement program also weighed down profitability and likely would continue to do so in 2012. For 2011, Astrium's revenue totaled 4.96 billion euros ($6.4 billion), down marginally from 2010. Pretax profit was 5.4 percent of revenue, down from 5.7 percent.
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