Aerospace and defense stocks hammered by Airbus warning
LONDON, June 25 (Reuters) -European aerospace and defense stocks tumbled on Tuesday after France's Airbus issued a profit warning that included a downgrade of its closely-watched forecast for deliveries.
Shares in Airbus AIR.PA dropped 8.5% in early trade, dragging jet-engine manufacturers Rolls-Royce RR.L and MTU Aero Engines MTXGn.DE lower.
The STOXX Europe Aerospace and Defense Index .SXPARO was down 4.3%, on track for its biggest daily drop since July 2022.
Reporting by Samuel Indyk; Editing by Amanda Cooper
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