Leonardo, Avio Aero, Lockheed sign 380 million euro contract with Italy’s air force

1 min read
FILE PHOTO: Leonardo's logo

MILAN – Italy’s Defence Ministry has given its green light to a 380 million euro ($425.94 million) contract with a consortium of companies including Italian aerospace and defence group Leonardo, aero-engine parts maker Avio Aero and U.S weapons maker Lockheed Martin Aeronautics.

The contract has a 5-year duration and comprises of logistical, engineering and technical support to Italy’s Air Force’s C-130J aircraft fleet, a joint press release said.

($1 = 0.8921 euros)

(Reporting by Francesca Landini, editing by Giulia Segreti)



Breaking News
Apple ready to bargain with its first U.S. store to unionize: source