🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Airbus lands $1.27 billion French air tanker upgrade, service deals

Published 10/23/2023, 04:14 AM
Updated 10/23/2023, 05:00 AM
© Reuters. FILE PHOTO: The logo of Airbus is seen at the entrance of a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe/File Photo
EADSY
-

(Reuters) -Airbus said on Monday it had signed two contracts valued at 1.2 billion euros ($1.27 billion) to provide capability enhancement and in-service support of France's fleet of A330 MRTTs (Multi Role Tanker Transports).

The world's biggest planemaker said in a statement it had struck the deals with France's Directorate General of Armaments (DGA) and Directorate of Aeronautic Maintenance (DMAe).

"We are honoured to contribute to one of France's most strategic capabilities," said Jean-Brice Dumont, Head of Military Air Systems at Airbus Defence and Space.

The programme will convert the French A330 MRTT into a high bandwidth communication relay node, with the aim of being connected in all circumstances, including jammed environments and extreme weather conditions, Airbus said.

The first of 15 French A330 MRTTs with these new capabilities is expected to be ready for the French Air Force in 2028, it said, adding that the second contract covers the in-service support of France's "Phenix" fleet of 12 A330 MRTTs.

© Reuters. FILE PHOTO: The logo of Airbus is seen at the entrance of a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe/File Photo

With 79 orders from 15 countries, the A330 MRTT has a 90%market share outside the United States, Airbus said.

($1 = 0.9436 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.