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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

AIRBUS SE

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Britain's Biggest Manufacturers Agree to Build 10,000 Ventilators

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03/30/2020 | 04:27am EDT

By Benjamin Katz

 

LONDON--A consortium of manufacturing giants, including plane maker Airbus SE, defense manufacturer BAE Systems PLC and engine-maker Rolls-Royce Holdings PLC, have agreed to build more than 10,000 ventilators to help tackle the coronavirus pandemic.

The VentilatorChallengeUK group, which also includes the U.K. operations of Ford Motor Co. and packaged-goods giant Unilever PLC, along with various Formula 1 teams, have agreed to combine forces to accelerate the production of a new ventilator design that can be assembled from parts in current production. Work is set to start this week.

A number of staff from various "key company projects" have been moved to lead production of the so-called Rapidly Manufactured Ventilator Systems, the consortium said in a statement on Monday. The units will be built at a series of sites across the country, it said, without identifying which.

A spokesman for the group declined to comment on the timing of first deliveries, adding that the ventilators will be built as fast as possible.

 

Write to Benjamin Katz at benjamin.katz@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 4.83% 59.44 Real-time Quote.-56.55%
BAE SYSTEMS PLC 0.42% 498.3 Delayed Quote.-12.15%
FORD MOTOR COMPANY 2.80% 5.87 Delayed Quote.-38.60%
LETS HOLDINGS GROUP CO., LTD. 0.40% 12.5 End-of-day quote.106.95%
NEXT 5.72% 5122 Delayed Quote.-30.69%
ROLLS-ROYCE HOLDINGS PLC 5.49% 286.5 Delayed Quote.-60.25%
THE LEAD CO., INC. -3.88% 396 End-of-day quote.1.54%
UNILEVER N.V. 0.37% 46.66 Delayed Quote.-9.25%
UNILEVER PLC -0.37% 4316 Delayed Quote.-0.43%
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Financials
Sales 2020 49 521 M 55 136 M 55 136 M
Net income 2020 2 294 M 2 554 M 2 554 M
Net cash 2020 2 272 M 2 529 M 2 529 M
P/E ratio 2020 19,6x
Yield 2020 0,70%
Capitalization 46 558 M 51 806 M 51 836 M
EV / Sales 2019
EV / Sales 2020 0,89x
Nbr of Employees 136 518
Free-Float 72,0%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 79,73 €
Last Close Price 59,44 €
Spread / Highest target 120%
Spread / Average Target 34,1%
Spread / Lowest Target -49,5%
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Managers
NameTitle
Guillaume Faury Chief Executive Officer
René Richard Obermann Chairman
Michael Schöllhorn Chief Operating Officer
Dominik Asam Chief Financial Officer
Luc Hennekens Chief Information Officer
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