PLUS1
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Airbus SE | EU:AIR | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.04 | 0.85% | 123.28 | 123.00 | 123.60 | 123.68 | 122.40 | 122.44 | 1,147,318 | 16:40:00 |
Airbus, Dassault Aviation, Indra Sistemas Land $3.4 Billion Defense System Contract
16/12/2022 2:13pm
Dow Jones News
Airbus (EU:AIR)
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From Oct 2022 to Apr 2023
By Pierre Bertrand
Airbus SE, Indra Sistemas SA, Dassault Aviation SA and Eumet GmbH said on Friday that they and their industry partners have been awarded a 3.2 billion euro ($3.40 billion) defense contract by the French General Directorate for Armament on behalf of the governments of France, Spain and Germany to continue working on Europe's Future Combat Air System.
The Demonstrator Phase 1B contract will cover demonstration work of the new combat system and its components for a duration of about three and half years, the aviation and defense companies said in a joint statement.
Phase 1B is designed to enable the development phase of the FCAS and will build on designs and technologies ahead of in-flight demonstrations by 2028 and 2029, the companies said.
The FCAS is intended to be Europe's next-generation integrated defense system. It encompasses the development of future fighters, unmanned planes and combat cloud systems.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 16, 2022 08:58 ET (13:58 GMT)
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