What Happened
European Space Agency Awards Two Additional Satellites
Airbus has been awarded a contract by the European Space Agency to build two additional second-generation Galileo satellites, expanding an existing order of six satellites. The company also received a firm order for two A320neo aircraft from Atlantic Airways. These announcements point to demand in separate Airbus businesses, including navigation infrastructure and commercial aircraft. The financial contribution of these awards is not disclosed, but they provide a broader near-term news backdrop for the stock. This news was first reported by an unknown source.