Airbus SE
Profile
Airbus is a major airline and military aircraft manufacturer that was created in 1970 to compete with Boeing with the help of generous subsidies from the British, French, German, and Spanish governments. The company has been investigated over corruption in Austria, Brazil, Canada, China, Colombia, Ghana, India, Indonesia, Japan, Kazakhstan, Kuwait, the Philippines, Malaysia, Mexico, Nepal, Russia, Saudi Arabia, South Korea, Taiwan, Turkey, the United Arab Emirates and Vietnam. In 2020 the company paid out $4 billion to prosecutors in France, the United States and the United Kingdom to drop investigations and lawsuits into alleged bribery payments.
civilian & military aircraft, drones, military services
Violations
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| competition-related offenses | $532,224,475 | 2 |
| safety-related offenses | $186,670 | 3 |
(April 19, 2021)
Stories
Activism
Protesting Airbus workers have blockaded the CA-35 Highway near Cadiz April 14
Garda World | April 14, 2021
Ongoing protest by Airbus workers blocks CA-35 Highway near Cadiz, Spain, April 14. Increased security, localized disruptions likely.
Thousands of Spanish Airbus workers protest layoff plan
Guillermo Martinez, Sergio Perez | Reuters | July 23, 2020
Thousands of Spanish Airbus AIR.PA employees gathered outside a factory near Madrid on Thursday, waving banners and chanting through face-masks, to protest against a restructuring plan that will see hundreds of jobs lost.
& Lawsuits
Former employee sues AIRBUS under False Claims Act
John O'Brien | Legal Newsline | October 30, 2020
A former employee who managed contracts with the federal government says he was effectively fired for reporting misconduct at AIRBUS U.S. Space & Defense.
Airbus shareholders in U.S. file fraud lawsuit over disclosures, corruption probes
Jonathan Stempel | Reuters | August 6, 2020
Airbus SE was sued on Thursday by shareholders who accused the European planemaker of securities fraud for misleading them about its ability to avoid and manage corruption accusations over nearly 4-1/2 years.
Airbus moves to end 16 years of litigation, end US tariffs
The Associated Press | July 24, 2020
European planemaker Airbus says it is taking the last step to end 16 years of litigation with the United States at the World Trade Organization.
Airbus lands €3.6bn global bribery settlement
Elly Proudlock - Ben Packer - Jane Larner - Louise Lau | ABC | February 13, 2020
On 31 January 2020, Airbus reached a record-breaking €3.6bn global settlement with UK, French and U.S. authorities regarding allegations of bribery and corruption. These three resolutions reflect the culmination of a three-and-a-half year UK and French joint investigation ...
Airbus Agrees to Pay over $3.9 Billion in Global Penalties to Resolve Foreign Bribery and ITAR Case
United States Department of Justice | January 31, 2020
Airbus SE (Airbus or the Company), a global provider of civilian and military aircraft based in France, has agreed to pay combined penalties of more than $3.9 billion to resolve foreign bribery charges with authorities in the United States, France and the United Kingdom arising out of ....
Austria Sues Airbus Over Eurofighter Deal
Agence France Presse | Feb 16, 2017
A government probe concluded that the Airbus and Eurofighter consortium had “deliberately misled the Austrian Republic on the real price, delivery capabilities and its equipment” of the deal signed in 2003.
Airbus Polska terminated the collective agreement for employees
Verietyinfo | November 28, 2020
Airbus Poland has terminated the provisions of the collective agreement for its employees.
Thousands of Airbus workers march, stage ‘empty chair’ protest over job cuts
Al Arabiya | July 8, 2020
Thousands of Airbus workers marched alongside an airport runway in France and staged an ‘empty chair’ protest in Germany on Wednesday to protest against plans to cut up to 15,000 jobs.
German Airbus Workers Protest Plant Sales
Manufacturing.net | July 27, 2007
Several thousand workers at three German Airbus plants staged protests against the aircraft maker's possible sale of two of the factories.
Financials
Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.
Click here for the latest list.
Political Influence
OpenSecrets.org PAC Profile of Airbus SE
