Brief: Airbus CEO Says Production Ramp-Up Is Under Pressure
20/02/2025 07:22
Feb 20 (Reuters) - Airbus SE AIR.PA :
* AIRBUS CEO GUILLAUME FAURY: ON DEFENSE AND SPACE, WE'RE
EVALUATING STRATEGIC OPTIONS, HAVE STARTED EXPLORATORY
DISCUSSIONS WITH THALES, LEONARDO-EARNINGS CALL
* AIRBUS CEO: TALKS ARE PRELIMINARY AND NON-BINDING, AIM AT
ASSESSING DIFFERENT SCENARIOS TO CONSOLIDATE EUROPEAN SPACE
SECTOR - EARNINGS CALL
* AIRBUS CFO THOMAS TOEPFER: ON DEFENCE AND SPACE, A
RESTRUCTURING
PROVISION IS EXPECTED ONCE CONDITIONS ARE FULFILLED, EXPECTED
AMOUNT OF AROUND EUR 0.2 BILLION - EARNINGS CALL
* AIRBUS CFO: ON SPIRIT AEROSYSTEMS, OUR BINDING TERM
AGREEMENT
WAS A DEFENSIVE MOVE TO SECURE IMMEDIATE OPERATIONS AND THE
FUTURE OF MAJOR AIRBUS WORK PACKAGES - EARNINGS CALL
* AIRBUS CFO: ON SPIRIT, THE FINANCIAL OUTLOOK IS MORE
CHALLENGING
THAN WHAT WE HAD ORIGINALLY ANTICIPATED
* AIRBUS CFO: WE ARE ON A GOOD TRACK TO REACHING FINAL DEAL
FOR
SPIRIT AEROSYSTEMS WORK PACKAGES, EXPECT TO CLOSE BY MID-YEAR -
EARNINGS CALL
* AIRBUS CEO - WE ARE MISSING THE SCALE THAT WE NEED TO BE
COMPETITIVE IN SPACE - EARNINGS CALL
* AIRBUS CEO: THE PRODUCTION RAMP-UP IS UNDER PRESSURE -
EARNINGS
CALL
* AIRBUS CEO: ON SPACE MERGER TALKS WE WOULD BE HAPPY IF THE
END
RESULT LOOKS LIKE THE MBDA MODEL, LOOKING AT DIFFERENT SCENARIOS
- EARNINGS CALL
Further company coverage: AIR.PA
(Reporting by Gianluca Lo Nostro)
((gianluca.lonostro@thomsonreuters.com))