Streetbeat News

EADSY

Airbus SE

http://www.airbus.com/

CEO

Guillaume Faury

Industry

Aircraft Manufacturing

Open

36.41

Mkt cap

114B

Volume

6.7K

High

36.41

P/E Ratio

33.20

52-wk high

46.78

Low

36.11

Div yield

0.02

52-wk low

34.10

Triumph Group Inc (NYSE:TGI) has been downgraded by BofA Securities due to uncertainties in aircraft production rates from Boeing and Airbus. The downgrade includes a rating change from Buy to Underperform and a price target reduction from $17 to $12. Concerns include production rates, free cash flow risks, and potential destocking.

Portfolio Pulse from Priya Nigam

September 24, 2024 | 3:54 pm

The National Geospatial-Intelligence Agency has awarded a multiple award IDIQ contract with a $290 million ceiling to Luno A and nine other vendors, including BlackSky Geospatial Solutions. The contract, which extends through September 2029, is for providing commercial data and analytic services for the national security community.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:08 pm

Boeing's shares are down following news of production delays for the 737 MAX, which were anticipated by analysts. Despite delivering more jets in August compared to last year, Boeing informed suppliers of a six-month delay in reaching a key production milestone. Analysts suggest this delay could strain suppliers. Meanwhile, Airbus plans to launch a new aircraft program by the end of the decade, potentially impacting Boeing's strategy.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 5:15 pm

Honeywell's CEO stated that the company's growth next year will depend on its ability to supply Airbus and Boeing, rather than the demand from these aerospace giants. This was discussed at Morgan Stanley's 12th Annual Laguna Conference.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:15 pm

Delta Air Lines reported a taxiway incident involving a Delta aircraft and a regional jet in Atlanta. There are no injuries reported, and customers are being transported back to the terminal to be reaccommodated on alternate flights. No additional operational adjustments are expected.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:48 pm

Airbus reports delays in engine deliveries from CFM and continues testing open rotor engine technology, hoping for competitive development.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:07 pm

Airbus CEO acknowledges the aerospace industry's underestimation of workforce replacement post-COVID-19. Airbus plans to launch a new airplane by the end of the decade, focusing on reducing fuel burn by 25% with potential use of open-rotor engines.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 2:19 pm

Airlines, including Delta Air Lines, are conducting inspections of their Airbus A350 fleets following an engine issue identified by Cathay Pacific. The issue affects A350-1000 models with Rolls-Royce engines, but not the A350-900 model operated by Delta. The European Union Aviation Safety Agency has issued a directive for inspections. Delta emphasizes its commitment to safety.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 2:41 pm

Cathay Pacific's A350 fleet faced an engine issue, prompting Airbus and Rolls-Royce to address the situation. While no global inspections are currently advised, the final decision lies with regulators. Airlines like Singapore Airlines and Japan Airlines are conducting precautionary checks. The incident involved a fuel leak in a Rolls-Royce engine, and Cathay Pacific plans to resume operations after repairs.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 1:02 pm

Cathay Pacific Airways will fully resume operations of its Airbus A350 fleet by September 7 after addressing an engine component failure. The airline had temporarily grounded the fleet for inspections and part replacements to ensure safety.

Portfolio Pulse from Benzinga Neuro

September 04, 2024 | 9:08 am

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