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Leonardo facing up to Kuwaiti Typhoon turbulence

31st July 2020 - 13:04 GMT | by Tim Martin in London

RSS

An order from Kuwait for a fleet of 28 Eurofighter Typhoon Tranche 3A fighter jets has suffered from COVID-19 economic complications and left Leonardo to admit that short-term cash flow 'slippages' are now expected on the programme.

A first delivery of the multirole aircraft had originally been scheduled for 2020 but despite that target not being confirmed during a 30 July half year company financial results presentation, cash flow delays were suggested by Alessandra Genco, CFO at Leonardo.

'We assume that the EFA Kuwait contract will have milestones of activity in line with [our] plan fundamentally with some minor [cash

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