Gains on European and US share markets have seen most aviation suppliers shares higher yesterday, with Airbus parent EADS up 3.7% (reversing the 3.5% fall on Tuesday) while Boeing’s share price lost a modest 0.6%. Embraer was up 1.3%, outperforming Brazil’s Bovespa index, after reports of more progress in the development of its Legacy business jet liner.
EADS has reportedly secured a USD2.8 billion contract with the Saudi Government to provide hi-tech security, including radars and surveillance systems, over the country’s 8000 km border, beating out bids from Thales, Raytheon and BAE Systems.
Selected Aviation suppliers’ daily share price movements (% change): 01-Jul-09
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