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

AIRBUS SE (AIR)
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EADS : Swiss Attorney General Confirms House Searches in EADS Probe

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11/13/2012 | 12:37pm CET

By Neil MacLucas

ZURICH--The Swiss Attorney General's office Tuesday confirmed it has searched properties in Switzerland at the request of its Austrian colleagues, who are investigating alleged corruption involving the sale of European Aeronautic Defence & Space Co.'s (EAD.FR) Eurofighter jets.

The Bern-based office told Dow Jones Newswires that it "instructed federal police to conduct several house searches in Switzerland at the request of Austrian prosecutors," but spokeswoman Jeannette Balmer declined to comment further.

Last week, Austrian financial daily Wirtschaftsblatt reported on its website that the case concerns possible bribes tied to Austria's purchase of Eurofighter jets from EADS.

The article said prosecutors in Vienna alerted investigators in Switzerland and Germany to the allegations, and searches in both countries have now been confirmed.

EADS also confirmed the probe and told Dow Jones Newswires last week that prosecutors have searched three sites in Munich.

Swiss daily Tagesanzeiger Tuesday reported that Swiss authorities searched the home of a German citizen who is suspected of registering several front companies in Switzerland, which were then used to launder around 10 million euros ($12.7 million) of bribes paid by EADS.

Write to Neil MacLucas at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.43% 98.12 Real-time Quote.17.71%
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Financials (€)
Sales 2018 69 248 M
EBIT 2018 5 112 M
Net income 2018 3 553 M
Finance 2018 10 472 M
Yield 2018 1,82%
P/E ratio 2018 21,70
P/E ratio 2019 17,21
EV / Sales 2018 0,94x
EV / Sales 2019 0,85x
Capitalization 75 643 M
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Technical analysis trends AIRBUS SE
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 99,6 €
Spread / Average Target 2,0%
EPS Revisions
Managers
NameTitle
Denis Ranque Non-Executive Chairman
Fabrice Brégier COO & President-Airbus Commercial Aircraft
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Marc Fontaine Chief Technology Officer
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