Come on, Joni - he said I bet - yeah, so it was just a soundbite for the press.
According to their web site, 46% of their overseas procurement comes from North American companies (yeah, I know that includes Canada).
More precisley and I quote:
In 2006, Airbus spent $10.2 billion on parts, components, tooling and services with American companies. The United States is the largest single supplier country to Airbus, making Airbus the largest export customer for the U.S aerospace industry. A large part of this business is dedicated to the A380, so the supplier figures in terms of dollars and people, are set only to grow as the A380 becomes more commonplace at airports worldwide.
With the drop in the value of the dollar, they ought to be happy - the cost of doing business with the US is going down. As a matter of fact, if the value of the US dollar says around this level - they will be doing more work with the US. IMO the "dollar is causing Power8" is more or less a smokescreen to allow politicians and management to make tough and unpopular decisions. It is always easier to blame the USD or simply complain about the dollar and competitiveness. Their touch labor and cost base is in Euros and the exchange rate is not helping them. But look what other manufacturers (and Airbus itself is doing in China, and the US - Eurocopter) have done - establish a mfg presence in the US. Just look at the car makers in the US now.
I'm not saying the lower dollar isn't hurting them. However, you can't have it both ways - claiming, bragging, or saying that the US content is huge then complain that a lower dollar is really hurting you and causing such a vast and profound reorganization.
Interestingly enough this just hit the wires as I was writing my reply:
Bregier said Airbus' competitive disadvantage from the exchange rate "is starting to be realized at the political level, and that's very important."
Airbus will have to increase its purchasing from dollar-based suppliers, to the detriment of those in Europe, Bregier said. Another option would be to relocate production outside the euro zone, he said.
[Edited 2007-09-21 13:37:22]
[Edited 2007-09-21 13:45:01]