1359 GMT - Europe's commercial aerospace groups are more vulnerable to the new U.S. tariffs than defense companies because of their complex global supply chains, Quilter Cheviot analyst Matt Dorset says. In addition, Airbus has a substantial part of its order backlog from U.S. airlines, he says. The aircraft maker may shoulder some of the extra costs but it will largely pass them onto airlines, Dorset adds. Meanwhile, Europe's largest arms exporters to the U.S., such as BAE Systems, have production plants there. This insulates defense groups from the tariff threat, he adds. Airbus shares are down 2.65% at 158.36 euros, while BAE Systems is up 3.4% at 16.25 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 10:00 ET (14:00 GMT)
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