In addition to historical information, this document includes forward-looking statements. The forward-looking statements are generally identified by the use of forward-looking words, such as “anticipate”, “expect”, “estimate”, “intend”, “plan”, “predict”, “project”, “will”, “believe”, “should”, “may” or other variations of such terms, or by discussion of strategy. These statements relate to EADS’ future prospects, developments and business strategies and are based on analyses or forecasts of future results and estimates of amounts not yet determinable. These forward-looking statements represent the view of EADS only as of the dates they are made, and EADS disclaims any obligation to update forward-looking statements, except as may be otherwise required by law. The forward-looking statements in this document involve known and unknown risks, uncertainties and other factors that could cause EADS’ actual future results, performance and achievements to differ materially from those forecasted or suggested herein. These include changes in general economic and business conditions, as well as the factors described in “Risk Factors”.

The following discussion is based upon the audited consolidated financial statements of EADS for 2005, 2004 and 2003, prepared in accordance with International Financial Reporting Standards (“IFRS”) adopted by the International Accounting Standards Board as endorsed by the European Union (together, the “Financial Statements”). Since 1st January 2005, EADS has retrospectively applied revised International Accounting Standard (“IAS”) 32 “Financial Instruments: Disclosure and Presentation”, with the effect of accounting for BAE Systems’ 20% stake in Airbus as a financial liability in the consolidated balance sheet rather than as a minority interest. In addition, the first-time application of IFRS 2 “Share-based Payments” in 2005 (applied retrospectively to 2004), resulted in the expensing of stock option plans. See “Notes to Consolidated Financial Statement (IFRS) — Note 2: Summary of significant accounting policies”, “Note 12: Intangible assets”, “Note 20: Total equity”, “Note 23: Liability for puttable instruments”, “Note 31: Share-based Payment” and “Note 35: Earnings per share”.

The following documents shall be deemed to be incorporated in and form part of this Registration Document:

Exchange Rate Information

Ratings

EADS currently is rated A1 with a stable outlook by Moody’s, A with a stable outlook by Standard and Poor’s and A with a stable outlook by Fitch IBCA.