Leonardo’s plan for aerostructures joint-venture slowed by ‘geopolitical’ headwinds

Leonardo is currently engaged in discussions with a prospective partner, but the planned sale of its loss-making aerostructures business to an undisclosed Middle Eastern entity has stalled significantly. The disruption caused by the Iran war has created considerable challenges for this venture, pushing back any potential fruition. Instead of pursuing the joint venture, Leonardo is now developing a separate, independent strategy for its aerostructures operations. Despite ongoing conversations with interested parties, no definitive agreement has been reached regarding the transfer of ownership. This shift reflects a strategic response to unforeseen geopolitical circumstances impacting international aerospace deals.