Leonardo confirms 2024 guidance, despite impact of Boeing crisis

Reuters
08 Oct 2024

ROME, Oct 8 (Reuters) - Leonardo confirms its guidance for this year, despite Boeing s recent difficulties are having a negative impact on the Italian defence and aerospace group, its Chief Executive said on Tuesday.

"The Boeing crisis is impacting on us, but there is little we can do. Other fundamentals are going well, so there is no doubt (over the guidance)," CEO Roberto Cingolani told reporters on the sidelines of the Cybertech Europe conference in Rome.

He added that the state-controlled group had no intention of further cutting its stake in U.S. Unit DRS , "fundamental for us as it is our door into the U.S. market".

In November Leonardo had sold a minority stake of just under 7 in DRS, leaving it with a shareholding of 72.3%

(Reporting by Giulia Segreti, editing by Cristina Carlevaro)

((Giulia.Segreti@tr.com; +39.06.80307714;))

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