Airbus Reviews Space Division as CEO Considers All Options (1)

July 31, 2024, 7:13 AM UTC

Airbus SE has initiated a wholesale review of its ailing space business, with Chief Executive Officer Guillaume Faury saying he’s weighing all possibilities about the future of the subsidiary after it racked up $1 billion in charges in the first half.

The company has one major program within its space business left to analyze as part of a review that will last several months, meaning it can’t rule out additional charges, Faury said as Airbus reported quarterly earnings. The latest costs contributed to a steep drop in second-quarter earnings, which fell by more than half, Airbus said on Tuesday.

The ...

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