Home News Airbus and Leoni terminate contract early

Airbus and Leoni terminate contract early

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HAMBURG (Dow Jones) – European aircraft manufacturer Airbus and cable specialist Leoni end their cooperation prematurely. The performance of the year 2008 closed Five-year contract with a volume of EUR 50 million was not worth economically, Leoni said spokesman Bernd Buhmann on Friday Dow Jones Newswires. The Nuremberg company had the production of cable harnesses for different parts in aircraft taken over.
The development requirements are more extensive than thought failed. For this reason, the two companies would be amicable agreement to end the contract. The final separation will take place in the second half of 2010.
Airbus has already found a replacement for the work. In future, Labinal again this part of the cable production for the A320 to A340 families take. The company had the Order already held before 2008 due to a re-tendering of Leoni was passed.
The transfer of the cable production by Leoni to Labinal successes in steps, "said Airbus spokesman Tore Prang. For this reason arises from the premature termination of the contract with no Leoni Gap in the supply of aircraft production. Economically Airbus is put through the new agreement is not with Labinal worse.

   

Web sites: www.leoni.de
www.airbus.com

-By Kirsten Bienk, Dow Jones Newswires
+49 (0) 40 3574 3116, kirsten.bienk @ dowjones.com
DJG / KiB / ebb 

(END) Dow Jones Newswires

May 21, 2010 09:09 ET (13:09 GMT)

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