Sheeting Foam Wings
Goggles,
Here's how I sheet my wings using polyurethane glue, and after looking at the photo of your fuse, I don't see why this won't work the same way to sheet your fuselage.
Buy three rolls of 2" or 3" wide masking tape with a dispenser. You will be using alot of it!!
Next, true up the long edges of the 1/16" sheeting. This is really the only critical part. They have to butt together tightly along the whole length without bowing up.
Lay out the sheeting on a table and tape them together lengthwise while pinching the sheets together with your hands. You're trying to make the sheeting as airtight as possible while taping the sheets along their entire length.
Apply the polyurethane glue to the foam core (or fuselage). My technique is to apply the glue to the foam because of the little indentations in the foam make sure I have enough glue. The other technique, of course, is to apply the glue to the wood first. I guess it doesn't really matter, but my technique may end up applying more glue (weight). While you're spreading the glue, you will notice that it is changing to a lighter color and may even begin foaming a little if you mess around too long.
Apply the balsa sheeting to the foam core (or fuselage) tape side out, and whatever compression technique applies. Goggles, I would just apply the balsa sheeting to the fuse then wrap it with about 20 yards of masking tape until it cures.
Notice that nowhere above did I mention that the sheeting needs to be edge glued. As long as the individual sheets are trued up and taped together, they will "pinch" together when they are applied to the curved foam surface and the polyurethane glue will do a very nice job of adhereing them together as it glues them to the foam. Also, you do not get any glue joint lines when you sand it.
Another point, the poly glue will put brown stains on your fingers no matter what you do to try to wipe it off. If you have rubber gloves, I would recommend wearing them.
Once everything cures, you just remove all the masking tape and give the tape ball to your kids!!