EADS (stock exchange symbol: EAD) delivered a good start to the year with a solid financial performance in the first quarter, particularly thanks to the continued strong commercial momentum. As anticipated, defence markets in the Western world continue to be strained. However, the momentum of EADS’ institutional and governmental business in the first three months was encouraging. Order intake(5) in the first three months reached € 12.0 billion. At the end of March, EADS’ order book(5) stood at € 526.2 billion. Revenues amounted to € 11.4 billion. The EBIT* before one-off of around € 0.5 billion benefited from good performance in Airbus, Eurocopter and Astrium while Cassidian remained stable. The reported EBIT* amounted to € 0.3 billion. The Net Cash position remained robust at € 10.7 billion. Read more On Track: EADS Reports First Quarter (Q1) Results 2012