Trading on Friday saw most aerospace stocks close lower, with Bombardier down 2.4%, EADS down 2% and Embraer giving up 1.9%. Russia’s United Aircraft Corporation was flat, while Boeing shares continued the positive signs seen since the end of Jan-2011, with the stock finishing the week up 0.6%.
Elsewhere, aerospace and defence company, BAE Systems, shares went up 2.2% on Friday. The company announced last week that it place 52 aircraft in 2010, compared to 44 in 2009, and has won an number of remarking mandates for aircraft. BAE has won a number of commercial and military contracts recently, although its military business is threatened by defence spending cuts in the UK and US.
MTU Aero Engines and Rolls-Royce were both stronger, but French aerospace and engine supplier Safran was down 1.1%. Safran recently moved closer to acquiring L-1 Identity Solutions, following a vote by L-1 stockholders approving the acquisition last week.
Selected original equipment manufacturers' share price movements: (% change): 04-Feb-2011
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.