DGAP-Adhoc: Airbus Provides Update on Legal Cases

2018. január 13., szombat, 17:00





DGAP-Ad-hoc: Airbus SE / Key word(s): Legal Matter


Airbus Provides Update on Legal Cases


13-Jan-2018 / 17:00 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Ad-hoc release, 13 January 2018



Airbus Provides Update on Legal Cases



- Acknowledges arbitral award of EUR 104 million in commercial dispute between Matra Défense S.A.S. and the Republic of China



- In discussion with Munich public prosecution (Staatsanwaltschaft München I) for potential termination of Eurofighter Austria investigation



Airbus SE (stock exchange symbol: AIR) is providing an update on two unrelated legacy legal cases.



The first legal legacy case concerns a commercial dispute, previously mentioned in the company"s Financial Statements, between subsidiary Matra Défense S.A.S. and the Republic of China (Taiwan). In 1998, Matra Défense S.A.S. was acquired by one of the French predecessor companies which later merged into EADS.



Airbus acknowledges notification of an arbitral award on 12 January 2018 concerning a breach of contract claim related to a purchase agreement signed in 1992 for the supply of missiles for which the products were delivered in the years shortly thereafter. The award amounts to EUR 104 million.



Matra Défense S.A.S. is reviewing the award before evaluating the next steps to take following the outcome of this arbitration.



The second unrelated legal legacy case concerns the ongoing investigation by the Munich public prosecution (Staatsanwaltschaft München I) in relation to the sale of Eurofighter aircraft to the Republic of Austria.



Airbus confirms that it is in discussion with the Munich public prosecution (Staatsanwaltschaft München I) about the potential termination of the investigation in the context of the sale of Eurofighter aircraft in 2003 by former EADS Deutschland GmbH (renamed Airbus Defence and Space GmbH) to the Republic of Austria. Once concluded, Airbus will disclose the result.



*****
About Airbus

Airbus is a global leader in aeronautics, space and related services. In 2016 it generated revenues of EUR 67 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats and business aviation products. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world"s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.



Media contacts


Martin Agüera

+49 (0) 175 227 4369
martin.aguera@airbus.com


Rod Stone

+33 (0) 630 521 993
rod.stone@airbus.com


Gregor Kursell

+49 (0) 177 725 3027
gregor.kursell@airbus.com











13-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Airbus SE

P.O. Box 32008

2303 DA Leiden

Netherlands
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
Internet: www.airbusgroup.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
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