EADS changes name to Airbus in shake-up The shake-up, which brings EADS's structure closer to that of arch-rival Boeing, is the latest step in Mr Enders" plan to create "normal" governance at a group in which the German and French governments each hold 12pc of the shares and Spain, 4pc. His efforts have already been boosted by the three states giving up certain veto and board nomination rights. Under the new structure, the new group will have three divisions - Airbus commercial aircraft; Airbus Defence and Space, combining Airbus Military aircraft, the Cassidian defence business and the Astrium satellite operations; and Airbus helicopters. Bernhard Gewert, 60, who currently heads Cassidian, will become chief executive of the Munich-based defence and space wing, which will have annual sales of €14bn and employ around 45,000 people. Mr Enders said the reorganisation, which will begin at the start of next year, would enable EADS to "take costs out, increase profitability and improve our market position." He declined to be drawn, however, on likely job cuts, with the politically sensitive decisions effectively being deferred until after the German elections in September. EADS warned that "several regulatory milestones, works council consultations and other approval procedures have to be accomplished before the changes can come into full effect." The shake-up coincided with first-half results from EADS that underlined the powerful position of Airbus. Like Boeing, it is benefiting from a long-running boom in commercial aircraft orders. Operating profits from Airbus's commercial wing jumped 96pc to €1.09bn on sales up 8pc to €18.2bn and EADS upped its 2013 order target for passenger jets by 25pc to more than 1,000 aircraft. In the first six months, which included the Paris Air Show, Airbus recorded 722 net aircraft orders - a big jump on the 230 in the similar period last year. The division did incur €136m of one-off costs, however, including €28m related to repairing the wing rib feet on the A380 superjumbo. Operating profits at Cassidian rose 6pc to €86m but fell by 5pc to €123m at Astrium and by 35pc to €128m at the Eurocopter helicopter business - hit by safety checks on the Super Puma EC225 after one was forced to ditch off the coast of Shetland. EADS confirmed it was on track to meet full-year forecasts after posting first-half revenues of €26.3bn, up 6pc, and net income 31pc higher at €759m. Its total order book now stands at €635bn, up 12pc, though defence only accounts for €48.2bn of that, a figure 3pc down on this time last year. EADS shares rose 61.5 cents to €48.8.