Airbus is providing a market update to report on new developments related to its space activities and commercial aircraft business, the impact of which is leading the company to update its 2024 guidance. In the first half of 2024, the Space Systems management team conducted an extensive technical review of all programs, “identifying further commercial and technical challenges.” On that basis, Airbus has decided to record charges of around EUR 0.9B in the first half of 2024. “These are mainly related to updated assumptions on schedules, workload, sourcing, risks and costs over the lifetime of certain telecommunications, navigation and observation programs,” according to Airbus. In commercial aircraft, Airbus said it is facing “persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment.” The company now intends to deliver around 770 commercial aircraft in 2024 and continues to ramp up towards a rate of 75 A320 Family aircraft per month, which is now expected in 2027. Accordingly, Airbus now targets around 770 commercial aircraft deliveries, EBIT adjusted of around EUR 5.5B and free cash flow before Customer Financing of around EUR 3.5B
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