Former Leonardo sub-supplier did not sell components to Airbus

MILAN, Oct 15 (Reuters) - A former sub-contractor of Leonardo (LDOF.MI) did not sell components to Airbus (AIR.PA), the Italian defence group said on Friday.

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

Leonardo said Manufacturing Processes Specification (MPS) had not supplied titanium components for Airbus programs.

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 0.33% at 1245 GMT, underperforming Italy's blue-chip index FTSE MIB (.FTMIB), up 0.5%.

Reporting by Maria Pia Quaglia, editing by Giulia Segreti Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years