Airbus self-declares to authorities about 'potential wrongdoings' by several employees
Airbus SE said Wednesday that it has "self declared" to German authorities of "potential wrongdoings" by several employees, regarding customer documents related to two future procurement projects. The German projects are part of its communications, intelligence and security business. The aerospace giant and Boeing Co. chief rival said the disclosure was the result of an ongoing internal review, which was supported by an external law firm. Airbus said it will fully cooperate with authorities to resolve the matter. The U.S.-listed shares of Airbus rose 0.6% in midday trading and Boeing shares tacked on 0.1%, while the Dow Jones Industrial Average fell 61 points, or 0.2%.
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