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€101.1 -0.8  -0.8%

Last Trade - 02/12/21

Sector
Industrials
Size
Large Cap
Market Cap £66.14bn
Enterprise Value £67.62bn
Revenue £46.82bn
Position in Universe 16th / 842

Former Leonardo sub-supplier did not sell components to Airbus

Fri 15th October, 2021 1:28pm
MILAN, Oct 15 (Reuters) - A former sub-contractor of
Leonardo  LDOF.MI  did not sell components to Airbus  AIR.PA ,
the Italian defence group said on Friday. 
    Shares of the Italian state-controlled conglomerate fell 
more than 7% on Thursday after Boeing  BA.N  said parts supplied
by Leonardo sourced from the sub-contractor had been improperly
manufactured.  urn:newsml:reuters.com:*:nL8N2RB1P3 
    Leonardo said Manufacturing Processes Specification (MPS) 
had not supplied titanium components for Airbus programs. 
    MPS is listed as an Airbus approved supplier in a document
available on the planemaker's website.
    Leonardo shares were volatile on Friday on the Milan stock
exchange. They were rising 0.33% at 1245 GMT, underperforming
Italy's blue-chip index FTSE MIB  .FTMIB , up 0.5%.

 (Reporting by Maria Pia Quaglia, editing by Giulia Segreti)
 ((mariapia.quaglia@tr.com; +39 06 80307737;))
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