Airbus (PK) (USOTC:EADSY)
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6 Months : From Sep 2019 to Mar 2020
--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 email@example.com
(END) Dow Jones Newswires
October 09, 2019 14:45 ET (18:45 GMT)
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