Leonardo Aerostructures Losses Ease
Leonardo reports that losses at its aerostructures division are easing as Boeing program output ramps up. The Italian defence group continues talks regarding a potential joint venture.
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LEONARDO SPA reported narrowing losses in its aerostructures division on Thursday morning, helped by a production ramp-up at BOEING CO. The Italian aerospace group is pressing ahead with joint venture talks despite geopolitical hurdles. The turnaround comes as the state-controlled firm prepares to unveil a standalone sustainability strategy in March.
