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Leonardo says it did not use MPS parts for Airbus programmes - Metro US

Leonardo says it did not use MPS parts for Airbus programmes

FILE PHOTO: A logo of defence group Leonardo is pictured on their booth during EBACE in Geneva

(Corrects to clarify that Leonardo did not use components supplied by MPS for Airbus programmes)

MILAN (Reuters) – Italy’s Leonardo said its former sub-contractor Manufacturing Processes Specification (MPS) did not provide it with components for Airbus’ programmes.

Shares of the Italian state-controlled conglomerate fell more than 7% on Thursday after Boeing said parts supplied by Leonardo sourced from the sub-contractor had been improperly manufactured.

MPS is listed as an Airbus approved supplier in a document available on the planemaker’s website.

Leonardo shares were volatile on Friday on the Milan stock exchange. They were rising 1% at 1255 GMT, underperforming Italy’s blue-chip index FTSE MIB, up 0.8%.

(This story corrects to clarify that Leonardo did not use components supplied by MPS for Airbus programmes)

(Reporting by Maria Pia Quaglia, editing by Giulia Segreti)

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