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    AIR   NL0000235190

AIRBUS SE

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Airbus : Leonardo says it did not use MPS parts for Airbus programmes

10/15/2021 | 09:25am EST
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)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -11.49% 99.36 Real-time Quote.10.67%
LEONARDO S.P.A. -4.53% 6.064 Delayed Quote.7.48%
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Analyst Recommendations on AIRBUS SE
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Financials
Sales 2021 52 280 M 59 166 M 59 166 M
Net income 2021 3 319 M 3 756 M 3 756 M
Net cash 2021 6 172 M 6 985 M 6 985 M
P/E ratio 2021 23,1x
Yield 2021 1,14%
Capitalization 78 076 M 88 351 M 88 358 M
EV / Sales 2021 1,38x
EV / Sales 2022 1,16x
Nbr of Employees 125 888
Free-Float 74,1%
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Mean consensus BUY
Number of Analysts 21
Last Close Price 99,36 €
Average target price 141,51 €
Spread / Average Target 42,4%
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Managers and Directors
Guillaume Faury Chief Executive Officer
Dominik Asam Chief Financial Officer
RenÚ Richard Obermann Chairman
Sabine Klauke Chief Technical Officer
Alberto Jose Gutierrez Moreno Chief Operating Officer
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