Airbus Group (EPA:AIR) reported a 6 percent rise in first-half core operating profit and revenue this morning, with a 34 percent rise in net income to 1.52 billion euros.
The company confirmed its full-year financial forecasts, despite problems with their A400M military transporters, one of which crashed during a test flight in May. Airbus aims to deliver around 15 of the new cargo carriers to at an initial cost of 20 billion euors each. Seven NATO nations have been promised the aircraft, but its development has been slowed by delays and cost overruns.
However, bad news related to the A400M has been offset by sales of passenger jets and helicopters, including an $18 billion deal with Chine for 75 planes.
Airbus shares are currently trading up 3% this morning on the news.
