Amsterdam — European aircraft manufacturing giant Airbus SE said on Monday that its aerospace and defence unit has secured two contracts worth €1.2 billion ($1.38 billion) from France's military.

The contracts from the French Defence and Aerospace Ministries are earmarked for the capability enhancement and service support of the French A330 MRTT fleet.

The two contracts provide capability extension of the A330 MRTTs, with a focus on connectivity, including during jammed environments and extreme weather conditions, the company said.

The second contract covers the in-service support for the 'Phénix' fleet for 10 years along with two optional years, at the Istres Air Base in southern France.

The company said France is the largest A330 MRTT customer with 15 A330 MRTTs ordered.

Currently, Airbus shares are trading at €121.06, down 0.21%, in Paris.

©2023 dpa GmbH. Distributed by Tribune Content Agency, LLC.