Airbus (EADSY) is working on a turnaround plan for its struggling Space Systems arm without waiting for the outcome of European consolidation talks that involve Italy’s Leonardo (FINMF) and France’s Thales (THLLY), Reuters’ Tim Hepher reports, citing industry sources. The plane maker also hopes to finalize a separate Space Systems strategy review in Q4 as it grapples with EUR 1.5B in recent charges, the author notes.
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