Airbus Defence and Space Division Asked to Save Cash to Meet Targets, Sources Say --Reuters
October 09 2019 - 3:00PM
Dow Jones News
--The Defence and Space group of Airbus SE (EADSY) is being
asked to save money in the final quarter of the year, in order to
meet targets, Reuters reports Wednesday, citing "people familiar
with the matter."
--The request comes as Airbus rolls out "Momentum," a new
internal efficiency program, the report said.
--Governments are sometimes slow in finalizing payments during
the year's last quarter, the report said.
--An Airbus spokesman said the company is carrying out a new
efficiency plan. "In early fall, as is rather customary, management
has reminded the teams inside Airbus Defence and Space that we have
to work hard in order to meet our targets by year-end," the
spokesman said.
Full story:
www.reuters.com/article/us-airbus-cash-exclusive/exclusive-airbus-defense-unit-sees-cash-challenge-adopts-efficiency-plan-idUSKBN1WO0PZ
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 09, 2019 14:45 ET (18:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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