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PARIS, July 31 () -- The European Aeronautic Defense & Space Co. said Wednesday it would change the basic company structure and re-brand itself as the Airbus Group.The company said it would combine its defense and space operations into one division, which would leave it with three divisions, including helicopter production and Airbus, its commercial airline operation."We have talked about a 'one-stop' defense and space shop' and renaming the company since the creation of EADS,[url=http://www.leedpe.com/]christian louboutin sale[/url]," said Chief Executive Officer Tom Enders."Now is the time to re-brand the entire group,[url=http://www.huh456.com/]christian louboutin outlet[/url]," he said.The Wall Street Journal reported Wednesday that Enders declined a chance to speak on the possibility that redundant jobs that might be eliminated with the merging of the defense and space operations.That division is expected to have approximately 45,000 employees and churn out an annual revenue of $18.5 billion, the Journal said.EADS posted a net profit in the second quarter of $688 million,[url=http://www.huh456.com/]christian louboutin online shop[/url], up 14 percent from the same quarter of 2012.EADS said it had back orders valued at $128.3 billion. In the first half of the year,[url=http://www.godsdrama.com/]true religion sale[/url], the company delivered 295 aircraft, up from 279 deliveries in the first half of 2012.