Airbus reports higher 3rd quarter profit

AP News
|
Posted: Oct 30, 2015 4:14 AM

PARIS (AP) — Airbus says its profit rose in the third quarter as the European jet maker saw gains from improvements in its commercial aircraft division.

Boeing's chief rival in the $700 billion global aerospace and defense industry said it made 376 million euros ($413 million) in the third quarter, up from 264 million euros a year earlier.

Toulouse, France-based Airbus said Friday it's on track to achieve targeted improvements in production and orders this year, with deliveries slightly higher than the record 629 aircraft it built in 2014.

The company also announced plans to further ratchet up production of its in-demand A320 family of narrow-body jets to 60 a month by 2019, up from a planned 50 in 2017 and 42 now.