Airbus writes off $314 million for unnamed space program losses
Airbus on February 20, 2025 announced that it has written off $314 million due to issues in an unnamed program in its space division, adding to an almost billion dollar write-off in June 2024.
Airbus said Feb. 20 it took the 300-million-euro charge in the fourth quarter of 2024 as it completed reviews of a final, unnamed program in its space portfolio. The company had hinted in late October that it could take additional charges on that program as it completed a comprehensive review. “We had to go through the program in detail, bottom up, to fully review what we had in our portfolio, and that we have done,” Thomas Toepfer, chief financial officer of Airbus, said in a call with analysts. He did not identify that program.
The company took 900 million euros in charges in June 2024, and the company said the total charges against earnings on its space business in 2024 was 1.3 billion euros. Toepfer said that the company does not anticipate additional charges as it’s completed the review of all its space programs.
There are some hints that the program involved bad bids for satellite contracts and with suppliers. I can’t help wondering if it is also related to the overall failure of Ariane-6 to garner customers. Airbus builds and owns it in partnership with Safran.
Airbus on February 20, 2025 announced that it has written off $314 million due to issues in an unnamed program in its space division, adding to an almost billion dollar write-off in June 2024.
Airbus said Feb. 20 it took the 300-million-euro charge in the fourth quarter of 2024 as it completed reviews of a final, unnamed program in its space portfolio. The company had hinted in late October that it could take additional charges on that program as it completed a comprehensive review. “We had to go through the program in detail, bottom up, to fully review what we had in our portfolio, and that we have done,” Thomas Toepfer, chief financial officer of Airbus, said in a call with analysts. He did not identify that program.
The company took 900 million euros in charges in June 2024, and the company said the total charges against earnings on its space business in 2024 was 1.3 billion euros. Toepfer said that the company does not anticipate additional charges as it’s completed the review of all its space programs.
There are some hints that the program involved bad bids for satellite contracts and with suppliers. I can’t help wondering if it is also related to the overall failure of Ariane-6 to garner customers. Airbus builds and owns it in partnership with Safran.




