EADS hopes to double its revenue over the next decade through sales growth, and acquisitions in military and aerospace.

The parent company of aircraft maker Airbus SAS, EADS has plans to increase its annual revenue to €80bn ($117bn) by 2020, from its present €43bn ($62.56bn), according to Bloomberg.

EADS CEO Louis Gallois said the company would focus more on generating cash, and on acquisition in the military, aerospace and services industries, rather than on civil aviation, where ticket sales are weak.

“The share of services such as maintenance and training in total sales may grow to 25% from 10% now,” he said.