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    AIR   NL0000235190

AIRBUS SE

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UK Agrees Truce With US on Airbus-Boeing Trade Dispute

06/17/2021 | 09:52am EDT

By Olivia Bugault

The U.K. and the U.S. have reached an agreement to suspend the 17-year trade fight over government subsidies awarded to plane makers Airbus SE and Boeing Co., the U.K.'s Department for International Trade said Thursday, two days after a similar peace deal between Washington and Brussels.

The two sides have agreed to suspend retaliatory tariffs for five years, which marks a major victory for U.K. industries such as Scotch Whisky, the ministerial department said.

"The disagreement has hit industries such as cashmere, machinery, and single-malt Scotch whisky that employ tens of thousands of people across the UK," the department said. "The Scotch Whisky Association estimates the tariffs have cost the sector hundreds of millions of pounds in lost revenue," it said.

Earlier this year, the U.K. and the U.S. decided to temporarily suspend the retaliatory tariffs while they negotiated a longer-term solution to the dispute.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

06-17-21 0951ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -0.57% 116.18 Real-time Quote.30.07%
THE BOEING COMPANY -0.50% 225.34 Delayed Quote.5.27%
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Financials
Sales 2021 52 749 M 62 623 M 62 623 M
Net income 2021 2 455 M 2 915 M 2 915 M
Net cash 2021 5 133 M 6 094 M 6 094 M
P/E ratio 2021 34,1x
Yield 2021 0,64%
Capitalization 91 764 M 109 B 109 B
EV / Sales 2021 1,64x
EV / Sales 2022 1,42x
Nbr of Employees 126 050
Free-Float 74,1%
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Technical analysis trends AIRBUS SE
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Mean consensus BUY
Number of Analysts 23
Last Close Price 116,78 €
Average target price 134,96 €
Spread / Average Target 15,6%
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Managers and Directors
Guillaume Faury Chief Executive Officer
Dominik Asam Chief Financial Officer
RenÚ Richard Obermann Chairman
Grazia Vittadini Chief Technology Officer
Jean-Brice Dumont Executive Vice President-Engineering
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