Airbus Defence and Space has issued an internal warning of significant challenge...
) Defence and Space has issued an internal warning of significant challenges in meeting cashflow and other targets for 2019 as it rolls out an internal efficiency plan called “Momentum”, people familiar with the matter said.
This year, the squeeze has gained extra urgency as Airbus remains locked in a dispute with Germany over a freeze on arms exports to Saudi Arabia, imposed after the killing of journalist Jamal Kashoggi by Saudi operatives just over a year ago. One part of that effort is Momentum, a new plan aimed at achieving durable improvements in performance over a long term.
“Our particular focus in 2019 is on achieving our free cashflow objectives. Momentum, in its current phase, is one supporting tool in our instrument box to make that happen.”
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