Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Airbus SE
  6. News
  7. Summary
    AIR   NL0000235190


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

France, U.S. seek to ease tension over arms export rules

10/29/2021 | 06:15pm EST
U.S. President Joe Biden meets with French President Emmanuel Macron ahead of the G20 summit in Rome

ROME (Reuters) - France and the United States agreed on Friday to explore making arms export rules more effective, addressing a long-running source of friction as their leaders met for the first time since a spat over a U.S. security pact with Britain and Australia.

"The presidents intend to launch a U.S.-France defense trade strategic dialogue to foster a shared view on defense market access and export issues," U.S. President Joe Biden and French President Emmanuel Macron said in a joint statement after talks in Rome on the sidelines of a G20 summit.

The two governments pledged to "identify steps to improve the efficiency and effectiveness of defense export authorizations," the statement added.

France has been seeking clarity over a set of U.S. arms export controls known as the International Traffic in Arms Regulations (ITAR), which allow Washington to block the re-export of sensitive U.S. components embedded in foreign weapons.

French and European defense companies have blamed ITAR for hampering their exports to third countries in the past, while U.S. arms firms have campaigned to keep the rules flexible enough to avoid putting too tight a lid on their own arms sales.

"We reached a number of bilateral cooperation agreements, several of which are critical in my view, firstly on arms exports," Macron told reporters after meeting Biden.

"Why? Because we need to clarify the ITAR rules, failing which our policies can be blocked completely. So we opened a process to deconflict the issue and work together."

A spokeperson for the State Dept, which oversees ITAR export controls, declined comment on diplomatic negotiations.

There have been sporadic attempts by European nations to make their weapons "ITAR-free" to bypass the rules, but defence analysts have questioned how feasible this is given the vast amount of U.S.-made high-tech components in aerospace.

Former U.S. officials say any changes to France's treatment under the rules may require a treaty, a key potential hurdle.

Tensions over ITAR controls flared in 2012 when French defense group Thales hit a roadblock over the export of satellites launched by Chinese rockets.

Negotiations to sell Dassault-built Rafale fighters from France to Egypt were reported to have been delayed in 2018 because of ITAR restrictions on their missiles.

The global reach of the regulations re-emerged last year when France-based planemaker Airbus was fined for ITAR violations as part of a multinational corruption settlement.

(Reporting by Michel Rose, John Irish, Additional reporting by Tim Hepher, Mike Stone; Writing by Tim Hepher; Editing by Alistair Bell)

By Michel Rose and John Irish

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 5.43% 114.22 Real-time Quote.1.66%
DASSAULT SYSTÈMES SE -0.06% 42.215 Real-time Quote.-19.30%
THALES 1.94% 82.84 Real-time Quote.10.75%
TIM S.A. -2.24% 12.68 Delayed Quote.-1.37%
All news about AIRBUS SE
11:44aAIRBUS : Kepler Cheuvreux reaffirms its Neutral rating
10:58aGLOBAL MARKETS LIVE : Vodafone, Qualcomm, Microsoft, Tesla, Intel...
10:50aAirbus Helicopter Unit Sees Return To Pre-Pandemic Levels In Two To Three Years
09:41aAirbus unit says global helicopter market is recovering
08:25aNorwegian Air execs met with Airbus to discuss jet technology, memo shows
08:25aNorwegian air executives met with airbus sales team in oslo this…
02:00aAIRBUS : Barclays reaffirms its Buy rating
01/25Airbus to create own airline to rent out whale plane
01/25Airbus to create own airline to rent out whale plane
01/25AIRBUS : JP Morgan remains its Buy rating
More news
Analyst Recommendations on AIRBUS SE
More recommendations
Sales 2021 52 173 M 58 606 M 58 606 M
Net income 2021 3 332 M 3 743 M 3 743 M
Net cash 2021 6 255 M 7 027 M 7 027 M
P/E ratio 2021 26,6x
Yield 2021 0,72%
Capitalization 89 760 M 101 B 101 B
EV / Sales 2021 1,60x
EV / Sales 2022 1,34x
Nbr of Employees 125 888
Free-Float -
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 21
Last Close Price 114,22 €
Average target price 144,07 €
Spread / Average Target 26,1%
EPS Revisions
Managers and Directors
Guillaume Faury Chief Executive Officer
Dominik Asam Chief Financial Officer
René Richard Obermann Chairman
Sabine Klauke Chief Technical Officer
Alberto Jose Gutierrez Moreno Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
AIRBUS SE1.66%96 039
TEXTRON INC.-7.06%15 701
AVICOPTER PLC-29.60%5 190