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Airbus takes a charge of nearly $1 billion on space programs
(spacenews.com)
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This article is confusing to me. What does it mean for a company to “take a charge of $X on” some of its contracts?
They're losing money in the satellite business and have to admit to it in their public facing financials, so they're posting a big ole negative line item.
On the off-chance some financially clued-in person doesn't stop by, here's what I found searching:
I'm not financially intelligent but it sounds a bit like collateral?