DGAP-Ad-hoc: Airbus SE / Key word(s): Legal Matter
Airbus Provides Update on Legal Cases
13-Jan-2018 / 17:00 CET/CEST
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*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.
Archive at www.dgap.de
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
End of Announcement DGAP News Service
645243 13-Jan-2018 CET/CEST
(END) Dow Jones Newswires
January 13, 2018 11:00 ET (16:00 GMT)
