Airbus Seeks $60M in Dispute with HBC

 - June 2, 2009, 7:02 AM

In Hawker Beechcraft’s (HBC) 10-Q quarterly report, the company revealed that it is engaged in a dispute with Airbus over manufacture of Hawker airframe components. According to the filing, Airbus alleges “that [HBC] breached its obligations under the airframe purchase and support agreement dated Aug. 19, 1998.” Further, Airbus claims that the two companies agreed in April 2008 for HBC “to purchase increased volumes of fuselages, wings, track kits and spare parts in the 2008 to 2010 time frame.” Airbus said HBC “unilaterally reduced the number of shipsets that it would purchase in breach of its contractual obligations.” The 10-Q states that Airbus is seeking damages of more than $60 million.