Consolidated revenues for 2005 reached €34.2 billion, as compared to €31.8 for 2004. Revenues at Airbus, Eurocopter, the DS Division and the Space Division increased as compared to 2004.

Set forth below is a breakdown of EADS’ consolidated revenues by division for the past three years.

Set forth below is a breakdown of Airbus’ deliveries by aircraft type for the past three years.

2005 compared to 2004. Airbus’ 2005 consolidated revenues increased by 9.7%, to €22.2 billion from €20.2 billion for 2004, reflecting primarily the increase in aircraft deliveries recognized in revenues (378 in 2005 as compared to 316 in 2004). As in 2004, most of the deliveries in 2005 were for single-aisle A319 / A320 / A321 aircraft. Airbus delivered 56 more aircraft of this type in 2005 (289 aircraft) than in the previous year. Deliveries of long-range aircraft increased from 75 in 2004 to 80 in 2005.

Offsetting these positive factors was an approximate €(1.65) billion negative impact resulting primarily from the continued decline of the hedge rates used to convert payments upon deliveries for the portion of such payments which was hedged. For a discussion of the impact of exchange rate variations on EADS’ results of operations, see “— Critical Accounting Considerations, Policies and Estimates — Accounting for Hedged Foreign Exchange Transactions in the Financial Statements”, “— Critical Accounting Considerations, Policies and Estimates — Accounting for Foreign Currency Denominated Operations in the Financial Statements”, “— Hedging Activities — Foreign Exchange Rates” and “Financial Market Risks — Exposure to Foreign Currencies”.

2004 compared to 2003. Airbus’ 2004 consolidated revenues increased by 6.2%, to €20.2 billion from €19 billion for 2003, reflecting primarily (i) the increase in aircraft deliveries recognized in revenues (316 in 2004 as compared to 302 in 2003), (ii) the positive impact of a more favourable mix of aircraft being delivered in 2004 as compared to 2003 and (iii) the revenues ramp up of the A400M program. As in 2003, most of the deliveries in 2004 were for single-aisle A319 / A320 / A321 aircraft. Airbus delivered the same amount of this type of aircraft in 2004 as in 2003 (233 aircraft). Deliveries of long-range aircraft increased from 64 in 2003 to 75 in 2004, including 23 of the higher-priced A340−500 / 600 “stretched” versions.

Offsetting these positive factors was an approximate €(0.3) billion negative impact resulting from (i) the deterioration of the U.S. Dollar exchange rates used to convert payments upon deliveries, not only for the portion which was not hedged by financial instruments (average spot rate of €-U.S.$1.24 in 2004 as compared to €-U.S.$1.13 in 2003), but also for the portion which was hedged (degradation of the hedge rate); partly offset by (ii) the favourable historical exchange rate applied to the portion of revenues representing customer advances received in prior periods.

Set forth below is a breakdown of the MTA Division’s new aircraft deliveries by aircraft type for the past three years.

For 2005, consolidated revenues of the MTA Division decreased by 41%, from €1.3 billion for 2004 to €0.8 billion for 2005. The decrease primarily reflects the negative €(0.5) billion impact of the shift of revenue recognition for the A400M programme until the first quarter of 2006, with no anticipated impact on the overall programme schedule.

For 2004, consolidated revenues of the MTA Division increased by 40%, from €0.9 billion for 2003 to €1.3 billion for 2004. The increase reflects the Division’s attainment of further development milestones for the A400M programme (€0.4 billion of incremental revenue).

Set forth below is a breakdown of the Eurocopter Division’s deliveries by product type for the past three years.

For 2005, consolidated revenues of the Eurocopter Division increased by 15%, from € 2.8 billion for 2004 to €3.2 billion for 2005, primarily reflecting shipsets for the Tiger and NH90 helicopters, and the increase in serial helicopter deliveries. The first-time consolidation of the Australian subsidiary also had a net positive effect on the Eurocopter Division’s 2005 revenues.

For 2004, the Eurocopter Division generated consolidated revenues of €2.8 billion, an increase of 7% from €2.6 billion for 2003. Increased revenues generated by Eurocopter’s customer support services and the increased revenues from achievement of percentage-of-completion milestones for the NH90 and Tiger helicopters offset the effect of fewer helicopter deliveries in 2004.

Set forth below is a table showing the number of Eurofighter deliveries to Germany and Spain by EADS for the past three years.

For 2005, the DS Division generated consolidated revenues of €5.6 billion, as compared to €5.4 billion for 2004. The slight increase is mainly attributable to continued Eurofighter deliveries by the Military Air Systems BU, as well as the ramp-up of the MBDA missile business.

For 2004, the DS Division generated consolidated revenues of €5.4 billion, as compared to €5.2 billion for 2003. The increase was primarily due to the continued ramp-up of the PAAMS / Aster , MICA, and ASRAAM missile programs.

Set forth below is a breakdown of the Space Division’s deliveries of commercial telecommunications satellites for the past three years.

For 2005, the Space Division generated consolidated revenues of €2.7 billion, as compared to €2.6 billion for 2004. The slight increase reflects increased telecommunications satellite deliveries and the further ramp-up of Ariane 5 production, as well as a modest increase in revenues from the Paradigm business at space services.

For 2004, the Space Division generated consolidated revenues of €2.6 billion, as compared to €2.4 billion for 2003. The increase resulted mainly from a ramp-up of Skynet 4 satellite program services and the achievement of additional milestones on the M51 ballistic missile program.