Airbus urges UTC not to be distracted by Raytheon deal
Reuters
Published Jun 14, 2019 02:50PM ET
Airbus urges UTC not to be distracted by Raytheon deal
PARIS (Reuters) - Airbus said on Friday it had urged United Technologies (NYSE:UTX) to "keep its eye on the ball" in its role as a commercial aerospace supplier as it moves toward a planned merger with U.S. defense contractor Raytheon (NYSE:RTN).
Chief Executive Guillaume Faury said the message was understood by the world's largest aerospace supplier, whose Pratt & Whitney unit supplies engines for the A320neo jet.
Faury told a news conference he had spoken to UTC leaders and would do so again at the Paris Airshow next week.
He said earlier Airbus would take its time to study the plan, adding that he understood that it was aimed at acquiring bigger scale and balancing civil and defense activities.
The head of Airbus Helicopters said he was cautious on the commercial helicopter market following a lengthy slump.
"I don’t see a major recovery in the commercial helicopter market before two years," Bruno Even told the news conference.
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Written By: Reuters
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