Fri, Feb. 27, 2:49 AM
- Despite problems with its A400M military transport program, Airbus (OTCPK:EADSY) reported a 59% rise in profit for last year, while proposing a record dividend of €1.20 a share.
- Net income came in at €2.3B vs. €1.5B a year earlier when earnings were weighed down by costs linked to the A350 long-range jet that entered service in January.
- Airbus also said it would hike A320 output to 50 jets a month starting in 2017, rivaling Boeing, which announced plans last year to raise 737 production from 42 to 52 per month in 2018.
- Previously: Report: Airbus considers hiking A320 output (Feb. 24 2015)
Mon, Feb. 23, 3:28 PM
- Boeing's (BA -2.4%) selloff is accounting for half of today's drop in the Dow after Goldman Sachs downgraded shares to Sell from Neutral, saying the company is the most exposed in the aerospace industry to aircraft demand risk.
- Boeing and Airbus (OTCPK:EADSF, OTCPK:EADSY) are hurtling toward "mutually assured destruction" through unsustainable supply increases, some analysts say; Boeing has suggested it can boost 737 production to 52 and perhaps as many as 60, and a combined 104-120 narrow-body planes would be rolling off the assembly lines every month if Airbus were to match those totals.
- Stifel is still optimistic about Boeing, however, reiterating its Buy rating and raising its target price to $175 from $160, as it sees more good news ahead for shareholders thanks to improvements in 787 production and a change to profits and reduction of deferred production costs in 2016, combined with 737 rate increases and orders for current model 777s that should keep builds at 10/month.
Wed, Feb. 18, 11:08 AM| Comment!
Fri, Feb. 13, 8:37 AM
- The U.S. unit of Europe's Airbus Group (OTCPK:EADSY) has been awarded a contract worth $221M to build 41 more UH-72A Lakota light utility helicopters for the U.S. Army.
- The contract brings the total number of Lakota helicopters ordered to 411, with the bulk going to the U.S. Army, as well as five for the U.S. Navy and six for Thailand, said Airbus spokesman Jamie Darcy.
- Airbus delivered 331 of the aircraft as of Monday.
Wed, Feb. 11, 7:39 AM
Mon, Feb. 2, 7:07 AM
- Airbus (OTCPK:EADSY) is looking to take control of the European missile company MBDA after Finmeccanica (OTCPK:FINMY) puts its stake up for sale, reports the Sunday Times.
- The European aircraft maker wants to add Finmeccanica's 25% holding in the company, which supplies more than 90 countries with weapons, to its 37.5% stake.
- The next part of the deal could be complicated, forcing the hand of MBDA’s third shareholder, BAE Systems (OTCPK:BAESY).
Thu, Jan. 29, 11:03 AM
- Airbus (OTCPK:EADSY) Defense and Space has named Fernando Alonso as Head of its Military Aircraft business unit, effective March 1, replacing Domingo Urena-Raso, who has resigned from his position.
- Bernhard Gerwert, CEO of Airbus Defense and Space, will act as interim Head of Military Aircraft until this date.
- Previously: Airbus chief vows to fix A400M problems (Jan. 28 2015)
Wed, Jan. 28, 9:28 AM
- Airbus (OTCPK:EADSY) CEO Tom Enders has promised "management and organizational consequences" as a result of the production and delivery problems that are affecting the company’s €20B A400M tactical transport program.
- "We have problems – I admit that," said Enders on Tuesday. "We have additional delays and I very much regret that we are unable to meet the commitments made to our customers several years ago."
- Airbus failed to achieve its planned delivery totals for the A400M in 2013 and 2014, with a combined 11 having been handed over to customers by the end of last year – three fewer than initially scheduled.
Tue, Jan. 13, 8:30 AM
- Although lagging behind Boeing (NYSE:BA) in 2014 deliveries, Airbus (OTCPK:EADSY) clung to the top spot in commercial plane orders last year, winning 1,456 net orders compared to Boeing's 1,432.
- The European planemaker still failed to close a gap in deliveries, leaving its U.S. rival as the world's largest plane manufacturer for the third year running.
- Boeing delivered a record 723 commercial jetliners in 2014 vs. Airbus' 629.
Mon, Jan. 12, 8:31 AM
- Airbus (OTCPK:EADSY) has started talks with the European Aviation Safety Agency to make ejectable flight recorders available on its two largest models, the A380 and the new A350, and would also like to see an approval expand to its A330 and A320 jets.
- Used in military planes for decades, ejectable or "deployable" recorders separate from the tail during a crash and float, emitting a satellite distress signal.
Mon, Jan. 12, 7:27 AM
Tue, Jan. 6, 12:12 PM
- Boeing (BA -1.4%) says it delivered a record 723 commercial jetliners in 2014, surpassing the 648 jets delivered in 2013 and matching its guidance for 715-725 planes, and booked net orders for 1,432 new aircraft with a value of $232.7B at list prices.
- Boeing delivered 195 commercial planes in Q4 after tallying 186 planes in Q3.
- Reuters reported earlier that rival Airbus (OTCPK:EADSF, OTCPK:EADSY) also enjoyed a record year in 2014, but that it still lagged behind Boeing.
Tue, Jan. 6, 10:58 AM
- Airbus (OTCPK:EADSY +3.7%) beat its 2013 peak of 626 deliveries in 2014, setting a new company record, and is expecting "one of the best years ever" in terms of orders, announced a source at the European planemaker.
- By Dec. 16, the latest period for which data is available, Boeing posted 1,423 gross orders. Net orders stood at 1,317.
- Airbus will provide further comments on orders and deliveries at an annual press conference on Jan 13.
Dec. 30, 2014, 7:30 AM
- Embarking on a $41B program to modernize its armed forces by 2022, Poland has received several bids in a $3B military helicopter tender, and expects to sign a final deal in the second half of 2015.
- Sikorsky Aircraft (NYSE:UTX), Airbus (OTCPK:EADSY) and AgustaWestland, a unit of Italy's Finmeccanica (OTCPK:FINMY), are among the bidders.
- Poland is aiming to increase defense spending, currently at 1.95% of its GDP, to NATO's 2% target in 2016.
Dec. 28, 2014, 9:56 AM
- An AirAsia (OTC:AIABF) passenger jet carrying 162 people went missing Sunday morning on its way to Singapore from Indonesia, gripping Southeast Asia with a second missing plane crisis in less than a year.
- Before communication was lost, a pilot on Flight QZ 8501 asked to deviate from its planned route because of bad weather.
- Airbus (OTCPK:EADSY), the maker of the jet, said that the plane had "accumulated approximately 23,000 flight hours in some 13,600 flights," and announced that it would provide full assistance to authorities.
Dec. 23, 2014, 2:59 PM
EADSF vs. ETF Alternatives
European Aeronautic Defence & Space Co (EADS) is a global aerospace, defence and related services corporation. Co.'s operations include the aircraft manufacturer Airbus, the helicopter supplier Eurocopter and the joint venture MBDA, an international supplier of missile systems. Co. is the major... More
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