Home Stock Italy's Leonardo is "injured party" in Boeing 787 component issue

Italy’s Leonardo is “injured party” in Boeing 787 component issue

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Stock Markets6 minutes ago (Oct 14, 2021 12:32PM ET)

(C) Reuters. FILE PHOTO: Leonardo logo is seen during celebrations for the 500th Eurofighter Typhoon produced by the European consortium at Caselle airport in Turin, Italy, April 11, 2017. REUTERS/Stefano Rellandini

MILAN (Reuters) – Italy’s Leonardo said on Thursday it was an “injured party” after one of its sub-suppliers had allegedly provided improperly manufactured components for Boeing (NYSE:BA)’s 787 Dreamliner.

Boeing Co and U.S. regulators said Thursday that some titanium 787 Dreamliner parts were improperly manufactured over the past three years.

“The sub-supplier is under scrutiny by prosecutors therefore Leonardo is injured party and will not bear any potential costs associated with this issue,” the Italian state-controlled defence group said in a statement.

Leonardo added that the company, Manufacturing Processes Specification (MPS), was no longer its supplier.

The company did not immediately respond to a request for comment.

Italy’s Leonardo is “injured party” in Boeing 787 component issue

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