Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

AIRBUS SE (AIR)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Airbus ordered to pay 104 million euros to settle Taiwan missile dispute

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/13/2018 | 06:32pm CEST
The logo of Airbus is pictured at the company's headquarters in Colomiers near Toulouse

PARIS (Reuters) - Airbus (>> Airbus SE) said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France's biggest ever arms sales.

PARIS (Reuters) - Airbus (>> Airbus SE) said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France's biggest ever arms sales.

The scandal around French arms sales to the island in the early 1990s was one of a series of cases that underpinned accusations of widespread corruption during the final years of late French president Francois Mitterrand.

Airbus said in a statement that its subsidiary behind the missile contract, Matra Defense, was "reviewing the award before evaluating the next steps to take".

The arbitration fine comes three months after Dassault Aviation (>> Dassault Aviation), radar supplier Thales (>> Thales) and engine maker Safran (>> Safran) said they had been fined a combined 227 million euros ($276.80 million) in Taiwan to settle the 25-year-old dispute over the wrongful use of commissions in the sale of 60 Mirage fighters to the island.

"This was a commercial dispute and not a corruption allegation," said an Airbus spokesman.

In a separate case, Airbus said it was in talks with Munich prosecutors that could lead to the termination of their investigation into alleged corruption in the sale of Eurofighter combat jets to Austria in 2003.

That investigation is one of several corruption cases still facing Europe's largest aerospace company.

Airbus did not mention the status of a parallel Austrian investigation into the same arms deal.

The company and individuals including CEO Tom Enders are being investigated in Vienna over industrial deals that were built into the Eurofighter sale and have denied any wrongdoing.

Separately, Airbus faces UK and French investigations into the use of middlemen in commercial airliner sales.

($1 = 0.8201 euros)

(Reporting by Tim Hepher; writing by Richard Lough; editing by Clelia Oziel)

By Tim Hepher

Stocks treated in this article : Airbus SE, Safran, Thales, Dassault Aviation
Stocks mentioned in the article
ChangeLast1st jan.
DASSAULT AVIATION -0.60% 1649 Real-time Quote.27.82%
SAFRAN -1.07% 98.98 Real-time Quote.16.46%
THALES -0.23% 108.5 Real-time Quote.20.99%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIRBUS SE
09:44pBombardier sees 50 percent market share with revamped CRJ 900 jet
RE
06:40pEXCLUSIVE : Canada could make it harder for U.S. to win fighter bid - sources
RE
12:58pSingapore Airlines to shift planes from SilkAir to budget arm Scoot
RE
10:08aAIRBUS : Launch of sobloo - a Copernicus Data and ...
PU
09:24aEx-Airbus boss urges UK-French defence industry ties after Brexit
RE
06:02aFirst mainland airline to get new A350 by year-end
AQ
05:56aFirst mainland airline to get new A350 by year-end
AQ
06/20Boeing targets 2025 for new jet but won't rush decision
RE
06/20Boeing targets 2025 for new jet but won't rush decision
RE
06/20After surrendering CSeries, Bombardier pushes regional plane revival
RE
More news
News from SeekingAlpha
05:16pREUTERS : Canada could make it harder for U.S. to win fighter jet bid 
10:20aOrder Rumor Shows Chinese Pressure 
06/19China Eastern calls for bids to supply 150 single-aisle jetliners 
06/19A First Look At The Boeing 787-10's Potential 
06/19Boeing And Airbus Book $7 Billion Of Orders In May 
Financials (€)
Sales 2018 64 320 M
EBIT 2018 5 213 M
Net income 2018 3 569 M
Finance 2018 12 687 M
Yield 2018 1,84%
P/E ratio 2018 21,97
P/E ratio 2019 18,11
EV / Sales 2018 1,01x
EV / Sales 2019 0,89x
Capitalization 77 893 M
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | AIR | NL0000235190 | 4-Traders
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 110 €
Spread / Average Target 10,0%
EPS Revisions
Managers
NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Non-Executive Chairman
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Grazia Vittadini Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
AIRBUS SE20.34%90 017
UNITED TECHNOLOGIES CORPORATION-1.98%100 047
LOCKHEED MARTIN CORPORATION-5.77%86 378
GENERAL DYNAMICS-6.27%56 641
RAYTHEON4.66%56 473
NORTHROP GRUMMAN CORPORATION2.26%54 729