PARIS (Reuters) – Airbus is drawing up a brand new turnaround plan for its Area Techniques enterprise, trade sources mentioned, including talks over potential European consolidation to fend off competitors embody Italy’s Leonardo in addition to France’s Thales.
Airbus has launched an instantaneous money containment plan throughout the broader Defence and Area division, goals to announce the precise Area Techniques restructuring in September, and hopes to finish a deeper Area Techniques technique evaluation within the fourth quarter because it reels from 1.5 billion euros of latest expenses.
The businesses concerned declined to remark.
