Leonardo advances in space, cloud, and defense deals
Three-way space merger seeks EU approval Airbus, Leonardo, and Thales asked the EU to approve merging their space operations into one European group to compete with SpaceX. If cleared, Leonardo could gain from consolidation and better competitiveness, lifting its value.
This is a major strategic move that could reshape Leonardo's space business and boost its long-term value.
German warship cancellation hits defense stocks Reports that Germany will abandon plans to build six warships sent defense stocks lower, with Leonardo falling 3.8%. This reduces expected demand for naval defense products, a negative for Leonardo's order book.
It shows a real counterweight: a key European defense buyer cutting a major program, which could hurt Leonardo's sales.
GCAP fighter jet contract signed The UK, Japan, and Italy signed a £4.6 billion contract to produce the next-generation fighter jet. Leonardo is a key partner, so this secures long-term revenue and strengthens its position in a major defense program.
This is a concrete funding milestone for a program Leonardo is central to, directly supporting future revenue.
Leonardo expands stake in Italy's cloud hub Leonardo is raising its stake in Italy's National Strategic Hub to 35% and will nominate the chairperson. This deepens its role in a key public cloud project, potentially adding stable revenue and strategic influence.
It shows Leonardo increasing its involvement in a state-backed digital infrastructure, which could drive growth.
NATO secure cloud contract won with Accenture Leonardo and Accenture won a multi-million euro contract to build NATO's secure cloud platform, worth about €200 million over seven years. This adds a significant, long-term revenue stream and showcases Leonardo's cybersecurity technology.
It is a new, sizable contract that directly boosts Leonardo's order backlog and demonstrates its cyber capabilities.
UK helicopter fleet engine support secured StandardAero was selected by GE to support engines for the UK's new medium helicopter fleet, which uses Leonardo's AW149 helicopters. This confirms the platform's selection and supports future sales and support revenue.
It reinforces the success of Leonardo's AW149 in a key export market, with potential follow-on orders.