Leonardo confirms 2024 guidance, despite impact of Boeing crisis

Leonardo DRS

08/10/2024 09:40

ROME, Oct 8 (Reuters) - Leonardo  LDOF.MI  confirms its
guidance for this year, despite Boeing s  BA.N  recent
difficulties are having a negative impact on the Italian defence
and aerospace group, its Chief Executive said on Tuesday. 
    "The Boeing crisis is impacting on us, but there is little
we can do. Other fundamentals are going well, so there is no
doubt (over the guidance)," CEO Roberto Cingolani told reporters
on the sidelines of the Cybertech Europe conference in Rome. 
    He added that the state-controlled group had no intention of
further cutting its stake in U.S. Unit DRS  DRS.O , "fundamental
for us as it is our door into the U.S. market". 
    In November Leonardo had sold a minority stake of just under
7 in DRS, leaving it with a shareholding of 72.3%

 (Reporting by Giulia Segreti, editing by Cristina Carlevaro)
 ((Giulia.Segreti@tr.com; +39.06.80307714;))