Leonardo reports 31% surge in new orders in Q1 as CEO departs
The defense boss highlighted that revenues reached €4.5 billion in the first three months of the year — a 7 percent increase over 2025 — with a total backlog reaching €57 billion.
The defense boss highlighted that revenues reached €4.5 billion in the first three months of the year — a 7 percent increase over 2025 — with a total backlog reaching €57 billion.
After the surprise move, the field of competitors for the Navy’s Undergraduate Jet Training System has now narrowed to SNC, Boeing, and Textron Aviation Defense in partnership with Leonardo.
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NHIndustries will provide “multiple evolution options” to NATO and nations involved in the Block 2 study, aligned to “respective operational requirements,” said the manufacturer.
The plan to oust Roberto Cingolani came only three weeks after the official presented his ambitious 2026-2030 industrial plan in Rome.
Italy is set to become the first European operator of the TB3, beyond Turkey.
The new funding is set to go directly toward the acquisition of new F-35 fifth generation fighter jet integrated Advanced Anti-Radiation Guided Missile – Extended Range (AARGM-ER) munitions, and stiffen the pace of big ticket submarine and frigate procurements.
Leonardo expects its air defense system to draw €21 billion in new business opportunities by 2035, an executive said.
The new AW149 fleet is desperately needed to plug a rotary capability gap left by retirement of the Puma HC2 fleet in March 2025.
Delivery of the first batch of C-27 J MPAs to the Royal Saudi Naval Forces is expected to commence in 2029.
"The parties will now move into the next stage of discussions, intended to achieve a procurement contract signing soon,” said Italian defense firm Leonardo.
The radar is expected to enter service at the end of the decade, said BAE, with the new contract coming after several years of development and testing.
Transatlantic political turbulence could disrupt orders from European customers for US defense equipment over the long term, but if the last year is anything to go by, business is likely to be relatively predictable.
The firm, a joint venture between Germany's Krauss-Maffei Wegmann and France's Nexter, amassed an order intake of €11.2 billion ($13.1 billion) in 2024.
With Flight School Next, the Army is looking to shake up the way it acquires both the aircraft and the curriculum.