PARIS (Reuters) – Airbus signalled a potential new charge in its troubled space division on Tuesday, saying it would update investors on the ongoing review of a major satellite programme during annual results on Feb. 20.
In a webcast to analysts, the European aerospace group did not provide details of the planned update but said it was progressing in its technical assessment.
Airbus has already taken 1.6 billion euros ($1.67 billion) of charges for its space business, which industry sources have said is mainly linked to the loss-making OneSat programme, with more charges expected.
($1 = 0.9592 euros)
(Reporting by Tim Hepher; Editing by David Goodman)
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