DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Leonardo - 2 Roberto Cingolani - 2 Cingolani - 2 Leonardo's - 2 Dado Ruvic - 1 Intesa Sanpaolo - 1 Nick Cunningham - 1 Giulia Segreti - 1
Top related locs:
Italy Britain Japan Leonardo's Milan U.S East Europe Italian
Top related orgs:
Thomson - 2 REUTERS - 1 Rights - 1 DRS - 1 Global Combat Air - 1 Leopard - 1 Airbus - 1 BAE Systems - 1

Search resuls for: "Leonardo's Milan"


2 mentions found


☆ Leonardo focuses on European alliances as it trims DRS stake in US
  + stars: | 2023-11-16 | by ( Giulia Segreti Alvise Armellini | Giulia Segreti | Alvise Armellini | ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsROME, Nov 15 (Reuters) - Italy's Leonardo (LDOF.MI) is trimming its stake in U.S. unit DRS (DRS.O) as new CEO Roberto Cingolani looks to expand the state-controlled group with major roles in European defence projects. Two sources at Leonardo confirmed that the DRS deal was part of that strategy. Cingolani, a former government minister who became CEO in May, has embraced the need to create broader European alliances to take advantage of rising defence budgets. It has pointed to its cross-border MBDA European missile company joint venture with Airbus (AIR.PA) and BAE Systems (BAES.L) as a model for the projects. Some analysts expressed surprise that the company was reducing its stake in DRS, acquired 15 years ago in a $5.2 billion deal when the Italian group was known as Finmeccanica.
Persons: Leonardo, Dado Ruvic, Roberto Cingolani, Cingolani, Intesa Sanpaolo, Leonardo's, Nick Cunningham, Giulia Segreti, Armellini, Kirsten Donovan Organizations: REUTERS, Rights, DRS, Global Combat Air, Leopard, Airbus, BAE Systems, Agency Partners, Thomson Locations: U.S, East, Europe, Italy, Britain, Japan, Leonardo's Milan, Italian, Rome
☆ Italy's Leonardo to focus on 'bytes and data', new CEO says
  + stars: | 2023-07-28 | by ( Alvise Armellini | ) www.reuters.com   time to read: +2 min
ROME, July 28 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. "Defence is increasingly made with bytes and data, instead of bullets," Cingolani said during a call with analysts, announcing a new industrial plan that will be unveiled in early 2024. In the first half of 2023, Leonardo's new orders rose to almost 8.7 billion euros ($9.60 billion), up 18.9% year-on-year, while group net debt fell to 3.6 billion euros from 4.8 billion euros in the first half of last year. H1 revenues were up 4.8% to just under 6.9 billion euros, while earnings before interest, taxes depreciation and amortisation (EBITDA) rose by 3.5% to 703 million euros. Leonardo's confirmed guidance for 2023 includes a forecast for new orders at around 17 billion euros, revenues in the 15-15.6 billion euro range, EBITA at 1.26-1.31 billion euros and group net debt of about 2.6 billion euros.
Persons: Leonardo, Roberto Cingolani, Cingolani, Leonardo's, Alvise Armellini, Gavin Jones, Deepa Babington Organizations: Defence, Thomson Locations: Ukraine, Italy, Britain, Japan, Leonardo's Milan
0 next >>
Total: 2