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Airbus parent shares rise again, Boeing stable as markets improve – Share Wrap

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.

Menzies was down 4.1% yesterday, after trading strongly up over the past few week on a better than expected outlook for its full year results.

Aircraft lessors had a mixed day. AerCap was down 1.9% and Babcock & Brown fell 0.8%, while Air Partner climbed 2.0% and Aircastle traded very strongly, up 4.6%.

Selected Aviation suppliers’ daily share price movements (% change): 01-Jul-09