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Search resuls for: "Military Air Systems"


3 mentions found


[1/2] An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Industry sources said a final decision on the shake-up was likely in coming weeks, capping weeks of speculation after Reuters reported the looming reorganisation in July. Airbus Helicopters CEO Bruno Even had earlier been cited as a possible candidate for the top planemaking role. But the focus of speculation has widened to Chief Commercial Officer Christian Scherer, a veteran of the Airbus planemaking business who has also had stints at the Defence division and in running turboprop joint-venture ATR, industry sources said. His appointment would herald broad continuity at the company's main planemaking business, which accounts for most of the company's revenue.
Persons: Benoit Tessier, Christian Scherer, Guillaume Faury, Bruno, Scherer, Tim Hepher, Louise Heavens Organizations: Airbus, Paris, REUTERS, Rights, Industry, Reuters, Airbus Helicopters, Defence, France, Jefferies, Bombardier, Pratt, Whitney, Airbus Defence & Space, Military Air Systems, FCAS, Thomson Locations: Le Bourget, Paris, France, Ukraine, Germany, United States
An Airbus A321 XLR aircraft performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsPARIS, Sept 12 (Reuters) - Airbus (AIR.PA) plans to merge two separate fighter businesses as part of a reorganisation of its Defence & Space division, union sources said. Asked about the new combination, which is part of a deeper Defence & Space restructuring codenamed ATOM, an Airbus spokesperson said: "We are currently discussing the details and ideas with our social partners". In July, Airbus Chief Executive Guillaume Faury said a reorganisation in Defence & Space was designed to make the business more agile. Despite a broad increase in overall demand for weapons since the Ukraine conflict began, Airbus Defence & Space is the company's second-biggest activity in terms of revenues but the least profitable, lagging behind jetliners and helicopters.
Persons: Benoit Tessier, Jean, Brice Dumont, Bruno Fichefeux, Guillaume Faury, Faury, Tim Hepher, David Holmes Organizations: Airbus, Paris, REUTERS, Rights, Defence, Space, Military Air Systems, Franco, France's Dassault Aviation, Airbus Defence, Thomson Locations: Le Bourget, Paris, France, Spanish, Ukraine
The chief executive of Airbus has called a lack of European collaboration on major defense projects following Russia's full-scale invasion of Ukraine "frustrating." "That's very challenging, and it's quite frustrating to see that the responses that have been provided so far are mostly of a national nature and not much of a European nature," he said Wednesday. "That's something we think Europe should reconsider and be more consistent, when it comes to working together on large programs." Earlier this month, Michael Schoellhorn, Airbus' defense chief, said in a Financial Times interview that political discussions about steps toward European defence programs had so far been "lip service." Airbus results Wednesday showed that revenues at its defense and space division fell 8% which it attributed to "delays in Space Systems and delivery phasing in Military Air Systems."
Persons: Guillaume Faury, CNBC's Charlotte Reed, Faury, Michael Schoellhorn, Schoellhorn Organizations: Airbus, Air System, Financial Times, Space Systems, Military Air Systems Locations: Ukraine, France, Germany, Europe, European
Total: 3