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>> Airbus weathered the storm in 2016 despite a fresh 1.2 billion Euro hit for its troubled A400M military aircraft program. The Eurospace group posting higher than expected core earnings despite a dip in profits. The A400M Troop Carrier cost Airbus more than $2 billion last year. Its total charge now hitting 6 billion since it's launch over a decade ago.
Global Aerospace correspondent Tim Hepher says it's a major burden.>> They still haven't got this project under control. They're blaming a lot of it on their engine supplier and so today they're asking once again for talks with their customer nations, the largest of which is Germany, to try to get some more financial relief.
>> The company signaling a downgrade in export expectations for the aircraft which has attracted just one buyer outside NATO countries. Despite the set back, a last minute surge in jetliner deliveries helped ensure earnings weren't as bad as many were expecting.>> One encouraging piece of news today was that costs on the A350, that big new commercial development, have peaked.
And so, a fairly strong underlying performance going forward.>> Airbus reassuring investors on Wednesday that bottlenecks in the supply chain for its A350 jet have also improved. It expects more than 700 jetliner deliveries in 2017.