Link Securities | According to the newspaper Expansión, aerospace giant Airbus (AIR) has been one of the major beneficiaries, along with INDRA (IDR) and Navantia, of the special modernisation programmes (PEM) launched by the Spanish government. Under the PEMs, Airbus has secured a contract with the Ministry of Defence to manufacture 18 C295 military transport aircraft, which will replace the current CN235 and C212 aircraft. These aircraft will be used…

Bankinter | Airbus has announced four contracts for the acquisition of 100 helicopters, as part of the National Helicopter Plan announced in May, worth around €4 billion and to be delivered between 2027 and 2031. Airbus Helicopters will strengthen its capabilities in Spain, creating more than 300 highly skilled jobs. The Albacete plant will have a new military helicopter customisation centre and an international training centre for pilots. Analysis team’s…

Alphavalue / Divacons | The aerospace and defence company has released its delivery figures for November. The company has confirmed 72 deliveries following an industrial failure that slowed down production. The figure is lower than in previous months, and the company will need a very strong December to meet its annual target. On the other hand, the quality issues detected by Airbus in a limited number of metal sheets in…

Norbolsa | The company cuts its delivery target for 2025 to 790 aircraft (previously 820) due to quality issues with A320 fuselage panels manufactured by Sofitec, which are affected by thickness defects. The revision affects hundreds of units, 40% of which are still in production, and has already slowed down deliveries in November. Despite the operational impact, Airbus is maintaining its financial targets for the year unchanged: adjusted EBIT of…

Deutsche Bank | On 28 November, Airbus announced a recall campaign affecting more than 6,000 A320 aircraft due to a critical software fault that posed a risk to flight safety. Although most aircraft received a software update over the weekend, up to 15% still require a hardware update. Airlines have been affected unevenly, with limited disruptions in Europe and the United States. Thales, as the hardware manufacturer, is not responsible…

CdM | Airbus (AIR) has launched the second phase of its share buyback programme announced on 8 September this year, aimed at supporting future employee share ownership plans and share-based compensation plans, the company reported on Thursday to the Spanish National Securities Market Commission (CNMV). The programme is being executed in several phases, on the open market, during a period ending on 16 January 2026, for a maximum of 4,140,000…

Morgan Stanley | Ross Law (analyst) reiterates Airbus as his Top Pick, raising estimates and Target Price after Q3 results. Although Ross maintains his ‘lower and later’ hypothesis for aircraft production rates, which puts him 7% below the consensus on average deliveries for FY26-30 (range 3-10%), his financial forecasts are more aligned, as he believes that the expansion of gross margin due to mix, pricing power and production efficiencies is…

Link Securities | Airbus, Leonardo (LDO-IT) and Thales (HO-FR) have signed a memorandum of understanding (MoU) to create a space giant that aims to unite and improve their capabilities by combining their activities: manufacturing satellite and space systems, and space services, reports the newspaper Expansión. This agreement excludes space shuttles. In the case of Airbus, rocket activities are housed in a joint subsidiary with the French company Safran (SAF-FR), called…

Deutsche Bank | Christophe Menard: Airbus (AIR) is on track to meet its delivery targets for fiscal year 2025, with preliminary September figures reflecting the strong performance in 2018, indicating a recovery in deliveries of the A320 family. At the same time, efforts continue to consolidate European space activities into a joint venture involving Airbus, Leonardo and Thales. This initiative aims to create a European leader, improve profitability and reduce…

Banco Sabadell | According to Reuters, Airbus delivered around 60 aircraft in August (compared to 47 in August 2024 and 67 in July 2025). If this figure is confirmed, it would bring the total number of deliveries in 2025 to around 433 aircraft compared to 447 aircraft in the same period in 2024; down 3%). Assessment: pending confirmation of the final number of deliveries in the coming days, the preliminary…