EADS will change name to Airbus Group

European Aeronautic Defense and Space Company (EADS), parent company of Airbus SAS, will change its name to Airbus Group next year.

The reorganized group will have three main subsidiaries: commercial aircraft, defense and space and helicopters.

"The renaming simply gathers the entire company under the best brand we have, one that stands for internationalization, innovation and integration — and also for some two-thirds of our revenue," chief executive Tom Enders said. "It reinforces the message that ‘we make things fly'."

EADS also released its first-half year report on Wednesday and said the group's revenues increased 6 percent to 26.3 billion euros ($35 billion), and the commercial aircraft division saw a 10.8 percent year-on-year revenue rise.