Airbus Sees Profit Boost, but Defense and Space Challenges

Airbus Sees Profit Boost, but Defense and Space Challenges
Airbus Chief Executive Officer Guillaume Faury gestures during Airbus' Annual Press Conference in Toulouse, southwestern France, on Feb. 16, 2023. Frederic Scheiber/AP Photo
The Associated Press
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PARIS—Airbus is urging stepped-up European cooperation to ensure the continent’s security and future access to space after a year that saw the company suffer fallout from Russia’s war in Ukraine and the crash of a European satellite launcher.

The France-based plane maker on Thursday reported a record overall 2022 profit of 4.25 billion euros ($4.55 billion), up from 4.21 billion euros the year before, despite inflation challenges and supply chain disruptions that slowed efforts to ramp up aircraft production.