Tag: $Leonardo

Italian defense company Leonardo on Thursday unveiled plans for an AI-powered shield for cities and critical infrastructure, adding to Europe’s push to ramp up sovereign defense capabilities amid rising geopolitical tensions.

Europe’s largest space groups unveiled a preliminary deal on Thursday to join forces in satellite manufacturing and services after months of negotiations to counter the runaway growth of rivals led by Elon Musk’s Starlink.

Shares in Iveco (IVG.MI), dropped as much as 6% on the Milan bourse in early market trade after the Italian truck maker sold its defence business to Leonardo (LDOF.MI), and the rest of the company to India’s Tata Motors (TAMO.NS).

Italian defence group Leonardo will finalise a joint venture with Germany’s Rheinmetall on Tuesday, its Chief Executive Roberto Cingolani said on Monday.

Italian defence company Leonardo is looking at a dozen domestic and foreign companies for possible acquisitions in the cyber security sector, and could close some deals by the end of the year, its chief executive said on Tuesday.

Leonardo  is working with France’s Thales and Airbus  on a joint strategy for the space sector, the head of the Italian aerospace and defence group said on Tuesday.

Italian shipbuilder Fincantieri is set to buy Leonardo’s submarine business, known as Whitehead Alenia Sistemi Subacquei (WASS), in a deal expected to be announced later on Thursday, two sources close to the situation said.

Leonardo shares edged higher Wednesday after the Italian aerospace-and-defense group posted orders and earnings above analysts’ expectations for the first quarter, led by growth at its core defense electronics and security business as geopolitical tensions persist.

Italy’s Leonardo (LDOF.MI), opens new tab will invest in digitalisation, artificial intelligence and interconnected platforms over the next five years as it focuses on security activities, the defence group said on Tuesday.