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Airbus opens door to new space charge in 2024 results
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Airbus opens door to new space charge in 2024 results
Jan 28, 2025 11:20 AM

PARIS, Jan 28 (Reuters) - Airbus signalled a

potential new charge in its troubled space division on Tuesday,

saying it would update investors on the ongoing review of a

major satellite programme during annual results on Feb. 20.

In a webcast to analysts, the European aerospace group did

not provide details of the planned update but said it was

progressing in its technical assessment.

Airbus has already taken 1.6 billion euros ($1.67 billion)

of charges for its space business, which industry sources have

said is mainly linked to the loss-making OneSat programme, with

more charges expected.

($1 = 0.9592 euros)

(Reporting by Tim Hepher

Editing by David Goodman

)

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