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2Wk·

Airbus
$AIR (-0.84%) has about 2.000 job cuts in its Defense and Space division, which corresponds to 5 % of its second largest unit.

The move is due to competition in the market, a lack of orders in the area of satellites and the strong startup industry in the small satellites.

1 Comment

PikaPika0105@PikaPika0105

1Wk

It would be best if they withdrew from the industry right away. Then I don't think there will be a relevant European company in the sector any more. It can't be that the market is booming (for both defense and space) and they don't manage to profit from it. Hopefully they will succeed in making a comeback, because the market for space will be bigger than that for airliners in the future.

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