Aerospace and Defence Update: 2Q26 review: backlog conversion is accelerating

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Aerospace and Defence Update: 2Q26 review: backlog conversion is accelerating

launched a €5 billion ($5.7 billion)

share buyback programme and unveiled new mid-term targets including a near doubling of profits by 2029. Airbus said late on Tuesday it was a core profit of €12 billion to ⁠targeting

€13 billion in 2029, which would mark a sharp rise from €7.13 billion of adjusted earnings before interest and taxes last year and is well above the 2026 target of €7.5 billion. The

Reuters

world's largest civil planemaker also expects its dominant commercial aircraft business to generate around €10 billion in operating profit 2029 and struck a positive tone on ⁠in

aircraft deliveries. Airbus started the year slowly due to supply-chain and engine but has since accelerated deliveries, increasing first-half handovers by 15% year-on- ⁠bottlenecks

year.

Airbus targets near-doubling of earnings by 2029, launches buyback: Airbus laid out medium-term targets including a near doubling of profits and stronger shareholder returns

on Tuesday, signalling confidence in its ability to ramp up production as a bruised aerospace sector turns the corner on supply disruption. The world's largest civil planemaker said it

was targeting a core profit of €12 billion to €13 billion ($13.69 billion to $14.83 billion) in 2029, and announced a €5 billion share buyback programme. The goal represents a sharp

rise from €7.13 billion of adjusted earnings before interest and taxes Airbus generated last year and is well above a 2026 target of €7.5 billion. Airbus is to boost profits by ⁠seeking

increasing aircraft deliveries to meet strong airline demand while gradually overcoming supply-chain disruption and engine shortages that have constrained output across the

aerospace industry.