European aerospace group Airbus (EADSY, +2.31%) took a new 1.2 billion euro ($1.2 billion) charge for its troubled A400M military aircraft program and called for new talks with European buyer nations to limit further financial damage, despite posting higher than expected core earnings and revenues for 2016.
The fresh charge for the A400M troop carrier brings the total for last year to 2.2 billion and the total since Europe’s largest defense project was launched over a decade ago to more than 6 billion, due to persistent delays and cost overruns.
