Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Airbus urges UTC not to be distracted by Raytheon deal

Published 06/14/2019, 02:50 PM
Updated 06/14/2019, 02:55 PM
© Reuters. FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse

PARIS (Reuters) - Airbus said on Friday it had urged United Technologies (NYSE:UTX) to "keep its eye on the ball" in its role as a commercial aerospace supplier as it moves toward a planned merger with U.S. defense contractor Raytheon (NYSE:RTN).

Chief Executive Guillaume Faury said the message was understood by the world's largest aerospace supplier, whose Pratt & Whitney unit supplies engines for the A320neo jet.

Faury told a news conference he had spoken to UTC leaders and would do so again at the Paris Airshow next week.

He said earlier Airbus would take its time to study the plan, adding that he understood that it was aimed at acquiring bigger scale and balancing civil and defense activities.

The head of Airbus Helicopters said he was cautious on the commercial helicopter market following a lengthy slump.

"I don’t see a major recovery in the commercial helicopter market before two years," Bruno Even told the news conference.

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.