Key Takeaways Boeing's BDS unit logged $15B in Q4 orders, lifting backlog to $85B as of 2025-end.RTX secured $10.3B in Q4 bookings, pushing total backlog to a record $268B.Boeing's 2026 EPS estimate fell, while RTX's rose; debt ratios and shares diverge.Heightened global unrest has served as a key tailwind for major aerospace and defense players like Boeing (BA) and RTX Corporation (RTX) . Ongoing conflicts, particularly in parts of Europe and the Middle East, have prompted the United States and its allies ...

Group 1 - Leonardo, the Italian defense group, reported financial results for 2025 that exceeded its targets, showing significant increases in all key indicators and a reduction in debt [1][2] - CEO Roberto Cingolani stated that the company surpassed challenging guidance, which had already been upgraded during the year, marking the completion of a value-accretion path initiated three years ago [2] Group 2 - Nordex, an onshore wind turbine manufacturer, announced better-than-expected core profit for 2025 following a record order intake for the second consecutive year [3]

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv February 24, 202610:35 PM UTCUpdated ago By Reuters Brazil hails zero US tariff on aircraft exports An airplane adorns the roof at Embraer headquarters and aircraft factory in Sao Jose dos Campos, Brazil July 16, 2025. REUTERS/Roosevelt Cassio/File Photo Purchase Licensing Rights, opens new tab BRASILIA, Feb 24 (Reuters) - Brazil's government on Tuesday welcomed a decision by Washington to all ...

Core Viewpoint - Airbus has reduced its 2026 commercial delivery outlook due to significant engine shortages from Pratt & Whitney, impacting cash flow and delivery timelines [2][3][4]. Delivery Outlook - Airbus now expects to deliver approximately 870 aircraft in 2026, which is below previous analyst expectations that were closer to 900 or more [3]. - The company anticipates A320 family production to reach 70 to 75 aircraft per month by the end of 2027, a revision from its earlier target of 75 per month [5]. Supply Chain Issues - The primary issue affecting Airbus is a material shortage of engines from Pratt & Whitney, which cannot be easily compensated by alternative suppliers [4][9]. - Airbus has initiated contractual dispute mechanisms with Pratt & Whitney, indicating the potential for escalation if the situation is not resolved [4]. Market Reaction - Following the announcement, Airbus shares fell approximately 6% to 8%, with related impacts on shares of RTX (Pratt's parent) and Boeing, as investors view these companies as interconnected [6]. Financial Implications - The reduction in delivery guidance affects cash flow, as aircraft manufacturers typically receive most payments upon delivery, pushing cash receipts further into the future [7]. - This situation also undermines Airbus's recent reputation for stable execution, as the company now faces its own production constraints [8].

"It's a frustrating situation to be in."Airbus CEO Guillaume Faury criticizes Pratt & Whitney for failing to provide aircraft engines in sufficient quantities, which has forced the planemaker to scale back ambitious production goals https://t.co/HU9s2s9MTB https://t.co/i60Vf4oMha ...

No, we are not blind. Um, we have um an order in place with CFM that CFM is confirming and uh we have an order in place with PR that they are unfortunately scaling down now. So they are telling us they will not they won't be able to deliver the number of engines that we were expecting.They give a different number that is a lower number. So we are not blind but we have an unsatisfactory situation with less engines that what we would need for 26 and a range of engines for 2027 that supports what we have said ...

Core Viewpoint - Airbus is facing increased pressure as it expects to deliver 870 commercial aircraft in 2026, slightly below analyst expectations of 880, amid signs of recovery from rival Boeing [1][2]. Group 1: Airbus Performance - Airbus delivered 793 commercial aircraft in the previous year, exceeding its target of 790, despite having previously cut its goal from 820 due to supplier quality issues affecting A320 family deliveries [3]. - In the fourth quarter, Airbus reported adjusted EBIT of 2.98 billion euros, aligning with estimates, while revenues were 25.98 billion euros, slightly below the expected 26.5 billion euros [14]. - For the full year, Airbus achieved EBIT of 7.13 billion euros on revenues of 73.4 billion euros, and it anticipates adjusted EBIT of around 7.5 billion euros and free cash flow of about 4.5 billion euros in 2026 [15]. Group 2: Competitive Landscape - Boeing is showing signs of recovery, having delivered 46 aircraft and booked 103 net orders in January 2026, while Airbus reported only 19 deliveries and 49 net orders during the same period [11][12]. - The sentiment around Airbus has become more negative since the beginning of the year, with UBS analysts adjusting their delivery model for Airbus from 905 to 880 aircraft for 2026, while noting potential upside risks for Q4 results [2]. - Analysts from Barclays described Airbus's recent disruptions as a "temporary execution setback," maintaining that the long-term growth trajectory remains intact [6].

Vietnamese carriers launched a US charm offense by announcing billions of dollars in new and old plane orders from Boeing as the nation’s Communist Party chief To Lam visits Washington looking to clinch a trade deal with Trump https://t.co/q3Ek9j8QPz ...

Group 1 - Vietnam Airlines has signed an agreement with Boeing to purchase 50 narrow-body 737-8 jets [1] - The total value of the additional talks for 30 wide-body planes with Boeing could reach up to $12 billion [1]

Core Viewpoint - United Airlines' A350 order faces new uncertainty due to a dispute with engine supplier Rolls-Royce, raising questions about the delivery timeline and the future of the order [1]. Group 1: Order Background - The A350 order dates back to 2009 and has undergone multiple changes and deferrals over the years [1]. - United Airlines has indicated that the delivery timeline for 45 A350 jets has been dropped, with no expected arrival date provided [1]. Group 2: Engine Contract Dispute - United Airlines claims that Rolls-Royce breached their long-term contract, which includes a $175 million upfront payment made in 2017 [1]. - Rolls-Royce denies any breach of contract and asserts that it has complied with its obligations [1]. - Both companies are currently in a dispute over financial claims, with each party alleging that the other owes them money [1]. Group 3: Implications for Stakeholders - The dispute between United Airlines and Rolls-Royce could have implications for Airbus, as the A350 order involves complex relationships among the airline, the aircraft manufacturer, and the engine supplier [1]. - United Airlines is considering the potential impact of the dispute on its long-term widebody replacement needs, particularly regarding older Boeing 767s and 777s [1]. - Speculation exists that United may cancel the A350 order or convert it to other Airbus aircraft, such as the A321neo family [1].