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Airbus shares higher: Airbus lands helicopter orders from Saudi Arabia, Germany, US |  02/28/24

Airbus shares higher: Airbus lands helicopter orders from Saudi Arabia, Germany, US | 02/28/24

Airbus has received three orders for the helicopters.

Clients include companies owned by the Saudi Arabian Sovereign Wealth Fund, German DRF Flugrettung and an operator of air medical services in the US state of West Virginia.

The helicopter company owned by the Saudi Arabian Public Investment Fund has signed a framework agreement for a firm order for eight H125 helicopters and ten H145 helicopters, the European aircraft manufacturer announced on Tuesday evening. The framework contract will see 120 Airbus helicopters of various types delivered over the next five to seven years.

DRF Luftrettung has ordered up to 10 H145 helicopters. The order includes seven firm orders and an option for three more.

HealthNet Aeromedical Services in Charleston, West Virginia has ordered four H135 helicopters.

Airbus did not disclose financial details of the three orders.

Airbus shares were provisionally up 0.86 percent at 149.30 euros by XETRA.

DJG/DJN/uxd/sha

Barcelona (Dow Jones)

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