Cancel Summer Vacation and Fire Up the Production Lines: Airbus Looks to Recover on A320 Deliveries
We’re not that concerned over the A320neo deliveries this quarter at narrow-moat Airbus because 1) Pratt & Whitney is back on track and 2) management has a proven ability to surge production; it shipped 37% of last year's production in the fourth quarter alone. Although Airbus announced future production cuts on the A330, this was in our forecasts, so we’re not adjusting our estimates. We are moving up our fair value estimate of EUR 97 by EUR 1 due to the time value of money.A stronger doll...
Airbus is an European Aeronautic Defense and Space company whose core business is the manufacturing of commercial aircraft, civil and military helicopters, commercial space launch vehicles, missiles, military aircraft, satellites and defense systems and defense electronics and the rendering of services related to these activities. Co. organizes its businesses into the following five operating divisions: Airbus Commercial, Airbus Military, Eurocopter, Cassidian and Astrium. In addition, Co.'s Other Businesses division engages in the development, manufacturing, marketing and sale of regional turboprop aircraft and aircraft components.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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