CDS spreads tighten on aerospace and defence firms

The cost of credit protection on a number of aerospace and defence firms fell today, as the industry continued to outperform the broader market.

In the US, five-year senior credit default swap (CDS) spreads referencing Chicago-based aerospace and defence corporation Boeing, which announced a $2.1 billion contract with India today, tightened to 195 basis points at 12:30pm London time from 215bp at the close of trading yesterday. The cost of credit protection on defence contractor Raytheon moved to 62.2bp from 65.6bp, according to data from credit information specialist CMA DataVision.

Elsewhere, aerospace company EADS, which is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here