Airbus is urging stepped-up European cooperation to ensure the continent’s security and future access to space after a year that saw the company suffer fallout from Russia’s war in Ukraine and the crash of a European satellite launcher.
Airbus Chief Executive Officer Guillaume Faury gestures during Airbus' Annual Press Conference, Thursday, Feb. 16, 2023 in Toulouse, southwestern France. Airbus is urging stepped-up European cooperation to ensure the continent's security and future access to space, after a year that saw the planemaker suffer fallout from Russia's war in Ukraine and the crash of a multibillion-euro European rocket. The company on Thursday reported a record overall 2022 profit of 4.
The Airbus Defence and Space business struggled last year, notably taking a 477 million euro loss on the long-troubled A400M military transport plane, in part linked to unusually high inflation. The last year “has proven the need for a stronger Europe in defense and space ... to maintain the peace, stability and security which our societies have become used to," Faury said.reduce the industry's heavy carbon emissionsHe noted that Airbus planes operated by Russian airlines no longer have access to parts or maintenance provided by the company because of Western sanctions aimed at punishing Moscow for its invasion of Ukraine.
Airbus is still buying titanium from Russia but looking for other suppliers, Faury said, adding that “it will still take some time to be fully independent from the Russian sources.”
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