Airbus defense unit sees cash challenge, adopts efficiency plan | Reuters


Airbus (AIR.PA) 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.

It is the second time in as many years the group’s second largest division has been forced to urge its 33,000 staff to save more cash in the final quarter of the year, a period when government customers are often slow in finalizing payments.

Source: Exclusive: Airbus defense unit sees cash challenge, adopts efficiency plan – Reuters

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