Airbus’ announcement comes against a backdrop of a global defense and space industry in flux, presenting both challenges and opportunities for companies.
But large legacy defense firms like Airbus that should benefit from the boom in demand face stiff competition.
Boeing said earlier this month that it would slash 10% of its global workforce over the coming months.
The company’s own defense business posted a $913 million loss in the three months to the end of June.
And in September, Ted Colbert, the head of the unit, called Defense, Space & Security, stepped down.
Persons:
Mike Schoellhorn, —, ” Schoellhorn, Ted Colbert, Olesya Dmitracova
Organizations:
London CNN, Airbus, Boeing, Airbus Defence, Governments, Citi, Defense, Space & Security
Locations:
Ukraine, United States