Leonardo focuses on European alliances as it trims DRS stake in US
By Giulia Segreti and Alvise Armellini ROME (Reuters) – Italy’s Leonardo is trimming its stake in U.S. unit DRS as new CEO Roberto Cingolani looks to expand the state-controlled group with major…
Leonardo, Siemens sign deal to create cybersecurity platform
ROME (Reuters) – Leonardo and Siemens on Thursday said they signed a memorandum of understanding to offer cybersecurity solutions for infrastructure in the energy, oil and gas and industrial sectors. “The main…
Italy’s Leonardo set to benefit from higher defence spending
ROME (Reuters) – Italy’s Leonardo said on Friday it was set to benefit from higher defence spending following the Russian invasion of Ukraine and that orders for the current year were spread…
Leonardo agrees early retirement, new hirings deal with Italian unions
ROME (Reuters) – Defence and aerospace group Leonardo said on Wednesday it had struck a deal with Italian trade unions for the early retirement of 400 of its staff during 2023-2024, to…
Leonardo, Iveco win Brazil order worth up to 2 billion euros, Italy’s defence minister says
MILAN (Reuters) -A consortium of defence group Leonardo and commercial vehicle maker Iveco has won an order to supply Brazil’s army with 220 armoured vehicles worth up to 2 billion euros ($2.08…
Italy’s Leonardo raises FY orders guidance after strong nine months
ROME (Reuters) -Italy’s state-controlled defence group Leonardo on Thursday raised its full-year guidance after reporting a sizeable jump in orders during January-September. In that period, new orders rose by 26.8% year-on-year to…
Leonardo Dicaprio-backed fintech Aspiration names new Chief Executive Officer
(Reuters) – Fintech startup Aspiration, backed by Hollywood celebrities Robert Downey Jr and Leonardo DiCaprio, on Thursday announced the appointment of Olivia Albrecht as its new Chief Executive Officer. Albrecht, who joined…
Italian eyewear billionaire Leonardo Del Vecchio dies at 87
By Claudia Cristoferi and Giulia Segreti MILAN -Italy’s Leonardo Del Vecchio, who rose from childhood poverty to build the eyewear empire that owns brands such as Ray-Ban and Oakley, has died at…
Leonardo set to benefit from Polish military helicopter order
MILAN – Poland plans to buy several AW149 military helicopters, which are built by the Italian company Leonardo, the Polish defence ministry wrote on Twitter. In a note, Banca Akros brokerage estimated…
Leonardo shareholders reject liability action against CEO
By Giulia Segreti ROME -Shareholders in Italy’s Leonardo on Tuesday rejected a proposal by activist investor Bluebell Partners to start a liability action against the defence group’s chief executive Alessandro Profumo. “The…
Italy’s Leonardo sees Ukraine crisis accelerating EU defence project
By Francesca Landini MILAN – Italian aerospace and defence group Leonardo believes Russia’s invasion of Ukraine will accelerate plans to create European common defence capabilities and expects to see higher military spending.…
Leonardo sees EU defence spending boosting cash flow, pays dividend
MILAN – Italian aerospace and defence group Leonardo expects free cash flow to more than double this year compared with 2021 as governments around the world step up military spending in response…
Leonardo to take into account EU defence plans when weighing units sale – unions
MILAN – Italy’s Leonardo will take into account the effort of European governments to build common military capabilities, when assessing options to sell two of its defence units, unions said after meeting…
Leonardo, Avio Aero, Lockheed sign 380 million euro contract with Italy’s air force
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…
Italy’s Leonardo suspends search for automation division partner
ROME – Leonardo said on Tuesday it had suspended its search for a partner for the Italian defence group’s automation arm, as no offer had been made that could ensure it a…
Leonardo and Vertical Aerospace team up on electric aircraft fuselage
MILAN – Italy’s Leonardo and UK-based Vertical Aerospace will work together to develop the fuselage for Vertical’s VX4 electric aircraft, they said on Tuesday. The two groups will design, test and manufacture…
Defense company Leonardo has made no decision on DRS business sale
MILAN – Defence and aerospace group Leonardo said on Wednesday it had not taken a formal decision about a sale of a business line at its DRS division. Bloomberg reported on Wednesday…
Leonardo says it is not subject of Kuwait Eurofighter investigation
MILAN – Italian defence group Leonardo is not the subject of a judicial investigation into the Kuwait Eurofighter programme, the company said on Tuesday, adding that its deal to supply 28 jets…
Breaking News
