Audit by PWC blames EADS management over A400M
An audit by PricewaterhouseCoopers is blaming EADS for huge cost overruns on the delayed A400M airlifter.
PWC said managers failed to establish a robust system to monitor costs and their budgetary process significantly underestimated the costs of the A400M.
The most contentious part is that PWC determined EADS is able to fund the losses which is estimated to be 7.6 billion euros.
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