Agree Guiding Principles to Partner on the New Long Range Airliner
Leonardo Company has signed a Memorandum of Understanding (MoU) with Kangde Investment Group of China within the framework of COMAC CR929 long range airliner program, aiming at further growth of its presence in the Country. Leonardo will leverage competences and intellectual property developed in Italy while Kandge will provide the financial coverage for the program. Following the finalization of the agreement the two partners will establish a joint venture named Kangde Marco Polo Aerostructures Jiangsu Co. Ltd., which will be responsible for the development, production and assembly of composite materials components for the CR929 aircraft.