EADS' North American Unit Picks Strategy Chief

Airbus parent said its North American subsidiary named Michael Cosentino to oversee mergers, acquisitions and business development.

NEW YORK (AP) -- EADS, the European owner of aircraft maker Airbus, said Tuesday its North American subsidiary named a new senior vice president and head of strategy and development.

Michael Cosentino will oversee mergers, acquisitions and business development at the unit.

Cosentino joined the company in 2009 as senior vice president and tanker program manager. He led the EADS team that in February lost a competition with Boeing Co. to build a new refueling tanker plane for the U.S. Air Force, a deal worth an estimated $35 billion.

Cosentino previously worked at other defense contractors. He spent 25 years at Lockheed Martin Corp.

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