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Europe's Airbus unveiled a special dividend on Thursday after posting higher 2023 results buoyed by record airplane orders but dampened by a fresh charge of 200 million euros in its troubled space...
PARIS -French jet engine maker Safran posted sharply higher revenues and operating profit for 2023 and predicted further growth this year, lifted by strong demand for engine services.... -February 15, 2024 at 02:27 am EST - MarketScreener
Airbus executives confirmed in a news conference on Thursday that the OneSat family of commercial telecom satellites stood at the centre of major charges in its space systems business. ...
The head of Europe's Airbus has told staff that recent unexpected charges in its Space business are "not acceptable", in a candid assessment of a business facing what he described as an internal crisis, people familiar with the matter said. In November, Airbus took a 300-million-euro ($320 million)charge on unidentified satellite programmes, said by industry sources to include the commercial telecoms OneSat family. CEO Guillaume Faury told staff in a January review of 2023 that Defence and Space "performed strongly in many areas, but faced a major setback in the Space bus...
In October, Boeing CEO Dave Calhoun was asked how fast Boeing could raise output of its best-selling 737 MAX after a spate of quality snags. As he sought to reassure investors about the recovery of Boeing's cash cow after another quarterly loss, one of the narrow-bodied jets was waiting at Boeing Field in Seattle for final tests and delivery to Alaska Airlines just six days later. How a modern jetliner left Boeing's nearby Renton factory with a loose door panel, setting the clock ticking on a terrifying mid-air blowout on Jan. 5, has triggered soul-searching about quality controls...