Streetbeat News

EADSY

Airbus SE

http://www.airbus.com/

CEO

Guillaume Faury

Industry

Aircraft Manufacturing

Open

45.44

Mkt cap

145B

Volume

55K

High

46.27

P/E Ratio

31.60

52-wk high

47.50

Low

45.38

Div yield

0.01

52-wk low

34.10

Boeing Co. (NYSE:BA) is facing ongoing safety issues, including a recent midair panel blowout on a 737 MAX plane. IATA's head, Willie Walsh, urges Boeing to learn from past mistakes. CEO Dave Calhoun will leave by the end of the year. Boeing's market position is impacted by legal actions, production declines, and competition from Airbus SE (OTC:EADSY). Supply chain disruptions are expected to persist until 2025 or 2026. Boeing's stock has dropped 32% this year, and investors can gain exposure through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 1:50 pm

Airbus SE is facing supply chain challenges that could delay jet deliveries, potentially impacting its 2024 delivery targets. Boeing Co is also experiencing similar issues. Airbus shares are down 1.24%, while Boeing shares are up 0.63%.

Portfolio Pulse from Akanksha Bakshi

May 31, 2024 | 2:31 pm

The IATA summit in Dubai will address challenges such as geopolitical tensions, aircraft shortages, and environmental goals. The aviation industry has returned to profitability, but faces rising costs and increased competition. Boeing's production issues and Airbus's comments highlight ongoing industry concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:07 am

REE Automotive has started deliveries to customers including Penske, U-Haul, and Airbus. Penske Truck Leasing is offering REE's electric vehicles to its customers, U-Haul is evaluating REE's electric platform for fleet electrification, and Airbus is collaborating with REE on an autonomous program.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:42 am

Mobilicom Limited (NASDAQ:MOB) shares are trading higher in the premarket session after announcing a third consecutive commercial-scale order from the U.S. Defense Industry. The order includes Mobilicom's SkyHopper PRO system integrated into drones for the U.S. Department of Defense. Additionally, Mobilicom recently completed a successful flight proof-of-concept with Airbus for high-speed jet UAV-to-ground live streaming.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 1:05 pm

Airbus SE is showcasing its Optimate demonstrator vehicle at VivaTech to enhance airport safety through automated taxiing. The project aims to reduce ground collision risks and improve flight safety. The initiative involves collaboration with Ree Automotive Ltd and highlights the potential for automation in maneuvering large jets safely through crowded airports.

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 2:06 pm

Plug Power, Airbus, and Delta Air Lines are collaborating to explore the feasibility of a hydrogen-based hub at Hartsfield-Jackson Atlanta International Airport. The study aims to establish the necessary infrastructure and safety protocols for integrating hydrogen as a fuel for aircraft operations. The project is expected to be completed by the end of 2026. Plug Power shares are trading slightly higher in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 10:22 am

Spirit AeroSystems (SPR) is laying off 400-450 employees due to a production slowdown at Boeing (BA), its largest client. The layoffs are linked to quality issues with the 737 MAX jets and delays in Boeing's acquisition of Spirit. Boeing has reduced production rates, impacting Spirit's operations. Spirit's stock has gained over 24% in the last 12 months, and investors can gain exposure through ETFs like XAR and ITA.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 1:40 pm

Boeing Inc. reported a decrease in April commercial airplane deliveries to 24, down from 26 a year ago, amid efforts to enhance 737 MAX production quality. The company faced 33 cancellations, mainly due to Lynx Air's cessation. Despite this, Boeing recorded seven new orders in April, contributing to a total of 138 gross orders for the year. In contrast, Airbus SE saw a 13% increase in deliveries with 61 aircraft in April. Boeing's Q1 revenue declined by 8% year-over-year, but its adjusted loss per share improved, beating consensus estimates. Boeing stock has lost over 10% in the last 12 months but is trading higher by 1.7% at the last check.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 5:04 pm

Spirit AeroSystems Holdings Inc (NYSE:SPR) reported Q1 2024 results with a 19% Y/Y revenue increase to $1.703 billion, surpassing consensus estimates. Despite higher production activities and defense revenues, the company faced challenges including a significant operating loss and negative EPS due to Boeing 737 production disruptions and delivery delays. Spirit's backlog is approximately $49 billion, including Airbus and Boeing commercial platforms. The company withheld guidance amid Boeing acquisition talks and production uncertainties. Shares of SPR traded lower by 1.21%.

Portfolio Pulse from Akanksha Bakshi

May 07, 2024 | 2:34 pm

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