Leonardo’s Post

In a TV interview with Bloomberg News, Roberto Cingolani, CEO and General Manager of #Leonardo, examines the prospects of European Defence, underlines the need for greater integration among industry players in the Aerospace, Defence & Security sector to meet global competitiveness and ensure security at the European level. In this scenario, Leonardo must play a leading role in developing a common strategy for major investment programmes.   According to Roberto Cingolani, Leonardo "must act as a catalyst" to bring forces together at the European level, creating a common Defence arena. To achieve this, he highlighted the importance of reducing the fragmentation of investments across multiple platforms and working towards joint ventures on important supranational programmes.   The CEO outlined Leonardo's prospects for the near future, including the upcoming launch of the new Industrial Plan. "Fast and technological" is the company's priority to remain at the forefront of strategic decisions at the European level, especially concerning alliances in land defence, #GCAP, and #Space programmes. The biggest challenge, as emphasised by Roberto Cingolani, is keeping pace with the technological transformation brought about by digitalisation throughout the Defence sector. https://lnkd.in/dbCaDaNy

#Leonardo's Board of Directors, convened today under the Chairmanship of Stefano Pontecorvo, examined and unanimously approved the results for the first quarter 2024.   “We are fully focused on executing the Industrial Plan. The consolidation of the defence core business progresses very well thanks to the acceleration of the digitalization processes, creating new revenue streams and generating cost efficiencies, embedding AI and Digital Twin in all product catalogues and working on the Digital Continuum of the Armed Forces,”  Roberto Cingolani, CEO and GM of Leonardo, stated. “The future activities are shaped by the reorganization and governance changes creating the new Space Division, boosting Cyber Security activities and developing a strategy to leverage Generative AI and multidomain capabilities across all Leonardo platforms. The efficiency and saving plan is fully in place and it is on track to achieve full year targets. Finally, for the inorganic growth of the Plan, we are continuing to strengthen international alliances taking an active role in promoting a European Defence Framework. All of these will allow us to deliver growth, higher profitability and better cash conversion,” added Roberto Cingolani.   #LDO_PR #LDO_IR https://lnkd.in/dydf6Hwe

Aernnova Aerospace at the 11th Editon of AED Days 2024 organised by the AED Cluster Portugal of which Aernnova Évora is a partner. Goretti Sampayo, Aernnova's Procurement Director was present in this edition together with the main international players of the aerospace and defence industry, discussing the challenges of this industry chain.   “The main opportunity for Tier 1 suppliers like Aernnova with the current demands and requirements of OEMs, is the opportunity to grow with them. However, the challenge is to capture it with sustainable quality, reliable deliveries, and costs. To overcome these challenges, we need to build a resilient supply chain, and keep on innovating.” #AED #AEDClusterPortugal #AEDDays2024 #Aeronautics #Space #Defence #Aernnova

The Defence and Aerospace market is at the forefront of innovation and growth. But, how can companies navigate through complex transactions amidst the industry's rapid evolution? With our thorough and tested approach, of course! At Opus Strategic Advisors, we're industry experts with a comprehensive understanding of the sector's culture and nuances. Our extensive understanding and knowledge of the sector allows us to provide highly relevant commercial advice in the following sub-markets: 🔹 Ground defence 🔹 Military aircraft 🔹 Commercial aviation 🔹 Shipbuilding 🔹 Space systems 🔹 UAV and UXV Find more details about what we do here: https://heyor.ca/wQvS6D #StrategicPartnerships #DueDiligence #BusinessStrategy #MergersAndAcquisitions

A huge welcome to the Element family 🍀 We are thrilled to share some important news about Element’s continued growth and expansion. Today, we are announcing the acquisition of ISS Inspection Services, a leading provider of non-destructive testing (NDT), inspection, and special process services in the U.S. aerospace, space, energy, and defense industries.   ISS Inspection Services operates under four key brands—NIC Inspection Services, PTI Industries, PRO Inspection Services, and CTS Inspection Services— serving almost 1,000 customers and employing around 300 highly skilled professionals across five U.S.-based facilities and at customer sites. This acquisition builds on other recent U.S. investments, including the acquisition of NTS in 2022. Read more here: https://ow.ly/bqy450TAipz #Acquisition #MakingTomorrowSaferThanToday #InOurElement

Watch and listen to our CEO Geir Håøy and CFO Mette Toft Bjørgen comment on our Q2 2024 results. The results achieved in the second quarter of this year stem from decades of focused effort, adeptness in seizing opportunities, adaptability, and strategic prioritization. In the second quarter, we continued to build momentum by securing significant orders that position us for further growth. The demand related to sustainability and security is stronger than ever. Key performance indicators have aligned with our projections, and our robust order intake and expanded backlog have set the stage for sustained progress in the coming years. Kongsberg Maritime, Kongsberg Defence & Aerospace, Kongsberg Discovery, Kongsberg Digital. #security #sustainability #protectingpeopleandplanet

Safran's Acquisition of Microtecnica Approved by Italy French defense giant Safran's acquisition of Microtecnica, an Italian firm specializing in aerospace components, has been approved by the Italian government. This decision comes after months of uncertainty following Italy's initial block of the sale in November 2023. The Italian government, citing concerns over national security and the Eurofighter jet program, had invoked its "Golden Power" legislation to halt the acquisition. This legislation empowers the government to intervene in foreign acquisitions of strategic Italian companies. Safran, in response to the initial block, engaged in negotiations with the Italian government, ultimately providing assurances to address the concerns raised. While the specifics of these commitments remain undisclosed, Safran emphasized their alignment with the acquisition's objectives and the safeguarding of Italian national interests. The acquisition, valued at $1.8 billion, was part of a larger deal where Safran aimed to acquire Collins Aerospace's flight controls business. Microtecnica, previously owned by U.S.-based Collins Aerospace (a subsidiary of RTX), plays a vital role in supplying components for the Eurofighter Typhoon, a fighter jet program involving Italy, Germany, Spain, and the UK. #Safran #Microtecnica #Eurofighter #Italy #Aerospace #CollinsAerospace

Italy has approved BlackRock to hold more than 3% in Leonardo, the country’s top defence and aerospace company. However, BlackRock is expected to reduce its stake due to Leonardo’s bylaws limiting non-public investors to a maximum of 3% ownership. The approval follows Italy’s "golden power" regulations, which allow the government to set conditions on strategic investments. Leonardo’s CEO called the move a recognition of the company’s importance. #Italy #BlackRock #Leonardo #GoldenPower #DefenceSector #Investing

With Defense Beacon clients be the first to know !! The defense industry giants have demonstrated their strategic priorities through a series of significant acquisitions over the past year. These moves, completed between one to two years after the invasion of Ukraine, signal where these companies see the greatest potential for growth. Here’s a quick look (see attached document) at the key areas of investment, as prepared by Defense Beacon team. 🎯 How Defense Beacon can assist your acquisition strategy? Defense Beacon Consultancy can enhance your firm’s acquisition strategy by providing deep insights into industry trends, competitor activities, and emerging technologies. We offer tailored intelligence to identify high-impact opportunities, assess potential risks, and navigate complex regulatory environments, particularly in expanding into key markets like the U.S and Europe. Our expertise ensures that your strategic investments are aligned with long-term growth objectives, positioning your firm for success in the rapidly evolving defense landscape. If you want to hear more, contact us here or via our website at www.defensebeacon.tech. Rheinmetall ,Leonardo, Safran, Thales Defence, Saab, Airbus Defence and Space, Airbus, Honeywell, LIG Nex1, Elbit Systems, IAI - Israel Aerospace Industries, ELTA Systems Ltd,

How does defence support the UK supply chain? The JEDHub Annual Economic Report 2024 showed for every £1 spent by the surveyed companies, 70p was spent with UK suppliers to produce defence goods and services reinforcing a robust supply chain that powers innovation. ✳ The JEDHub Survey 2024 is now live, and invited defence companies can take part in the conversation to shape the 2025 report. Airbus Defence and Space, Atkins, Babcock International Group, Boeing, General Dynamics, GKN Aerospace, Leonardo, MBDA, Parker Meggitt, QinetiQ, Raytheon, Rolls-Royce, Spirit AeroSystems, Thales and Ultra Dynamics. To find out more about the JEDHub Annual Economic Report 2024 click the link below. ⬇ JEDHub.org #JEDHubsurvey2024 #defence #supplychain