ROME (Reuters) – Italy’s Leonardo has recognized a brand new industrial companion for its aerostructures unit which has been hit by the issues of U.S. planemaker Boeing, the state-controlled group’s CEO mentioned on Thursday.
Leonardo has been trying for a number of years to return its aerostructures enterprise to revenue. CEO Roberto Cingolani mentioned in November it was searching for new alternatives for the division, which manufactures two sections for Boeing’s 787 airplane.
“We now have recognized an funding companion, within the defence and house sector, to co-invest in a attainable new industrial initiative in aerostructures,” Cingolani advised an analyst post-results name.
He mentioned the group was totally dedicated to discovering an answer as quickly as attainable however didn’t give additional particulars.
“Tight negotiations are ongoing in these hours and in lately,” he mentioned.
A broader plan to overtake the unit, which employs round 4,000 folks in 4 crops situated in southern Italy, shall be introduced on the group’s technique replace on March 11, Cingolani added.
Orders from Boeing in 2024 had been larger than the yr earlier than, outcomes confirmed, and Cingolani mentioned Leonardo had agreed a repricing for elements with the U.S big.
Nevertheless, the Italian group has needed to revisit its supply roadmap a number of instances, with cargo charges falling to very low ranges.
An organization slide confirmed that final yr Leonardo delivered 49 fuselage sections to Boeing, up from 39 in 2023, and 28 stabilizers, down from 32 the earlier yr.
“This isn’t sufficient, the issue is getting greater,” Cingolani mentioned.
(Reporting by Giulia Segreti, enhancing by Gavin Jones)
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