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Leonardo Says It Hasn't Supplied Airbus With Components From Embattled Subsupplier

Dow Jones Newswires ·  2021/10/15 03:12

By Ed Frankl

Leonardo SpA said Friday that it hasn't supplied Airbus SE with components from a subsupplier embroiled in a dispute over supplies to Boeing Co., responding to media reports.

The Italian aerospace-and-defense company said it hasn't supplied titanium components for Airbus programs from Italian company Manufacturing Processes Specification Srl.

Shares in Leonardo fell 7% on Thursday after Boeing said components for its 787 Dreamliners supplied by Leonardo from MPS didn't meet specifications.

The Wall Street Journal had reported that the U.S.-based plane maker was dealing with a new defect on 787s built in the last three years involving certain titanium parts that were weaker than they should be.

Leonardo said it was an "injured party" in the dispute, and added that MPS has not been a Leonardo supplier "for some time."

MPS couldn't immediately be reached for comment.

Write to Ed Frankl at edward.frankl@dowjones.com

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