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

AIRBUS SE

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Airbus : U.S. approves sale of jets and Patriot missiles to Switzerland

09/30/2020 | 05:21pm EST

WASHINGTON, Sept 30 (Reuters) - The U.S. State Department has approved the potential sale of two types of fighter jets and several Patriot missile systems to Switzerland as the country modernizes its military, the Pentagon said on Wednesday.

On Sunday, voters of the neutral nation approved a referendum allowing the government to spend $6.46 billion on new jets as it seeks to replace its aging fleet of 30 F/A-18 Hornets, which will go out of service in 2030.

The Swiss government plans to decide next year among the Eurofighter from Airbus, the Rafale from France's Dassault, Boeing's F/A-18 Super Hornet, or the Lockheed Martin F35-A.

In a move that would ease the way for the export of either of the U.S. jets, the State Department approved the potential sale of 40 F-35A's spare parts, munitions and training for a total estimates cost of $6.58 billion.

The State Department also approved the potential sale of 40 F/A-18E/F Super Hornet jets, spares munitions and training as well as related equipment for an estimated cost of $7.45 billion.

The notification process alerts the U.S. Congress that a sale to a foreign country has been approved, but it does not indicate that a contract has been signed or negotiations have concluded.

In addition, the State Department approved the potential sale of five Patriot missile systems and related equipment for an estimated cost of $2.2 billion. Raytheon Technologies Corp makes the Patriot system.

The Pentagon's Defense Security Cooperation Agency notified Congress of the possible sale. (Reporting by Mike Stone in Washington; Editing by Sandra Maler)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -1.51% 88.51 Real-time Quote.-31.02%
DASSAULT AVIATION -1.01% 886 Real-time Quote.-23.50%
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Financials
Sales 2020 45 812 M 54 866 M 54 866 M
Net income 2020 -1 752 M -2 099 M -2 099 M
Net cash 2020 225 M 270 M 270 M
P/E ratio 2020 -41,2x
Yield 2020 0,03%
Capitalization 70 527 M 84 322 M 84 465 M
EV / Sales 2020 1,53x
EV / Sales 2021 1,32x
Nbr of Employees 134 071
Free-Float 74,1%
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Number of Analysts 24
Average target price 93,10 €
Last Close Price 90,00 €
Spread / Highest target 62,2%
Spread / Average Target 3,44%
Spread / Lowest Target -35,3%
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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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