Share Name Share Symbol Market Type
Boeing Co NYSE:BA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -11.61 -5.51% 198.99 199.42 194.00 197.50 17,636,637 22:00:01

Leonardo Severs Ties With Boeing Subsupplier

14/10/2021 6:08pm

Dow Jones News

Boeing (NYSE:BA)
Historical Stock Chart

From Sep 2021 to Nov 2021

Click Here for more Boeing Charts.
   By Mauro Orru 

Leonardo SpA said Thursday that a Boeing Co. subsupplier is no longer its supplier, addressing press reports on issues concerning components for Boeing's 787 Dreamliner.

The Italian aerospace-and-defense company said that Manufacturing Processes Specification Srl, one of the subsuppliers qualified by Boeing, is under scrutiny by prosecutors.

"Leonardo is injured party and will not bear any potential costs associated with this issue," Leonardo said.

Manufacturing Processes Specification couldn't be immediately reached for comment.

The announcement comes after The Wall Street Journal reported that Boeing is dealing with a new defect on its 787 Dreamliner, the latest in a series of production slip-ups that have delayed aircraft deliveries and drawn increased U.S. government scrutiny.

The new problem involves certain titanium parts that are weaker than they should be on 787s built over the past three years.

Leonardo shares closed 7% lower at EUR6.67.


Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94


(END) Dow Jones Newswires

October 14, 2021 12:53 ET (16:53 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Boeing Chart

1 Year Boeing Chart

1 Month Boeing Chart

1 Month Boeing Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211128 17:18:57