Leonardo S.p.A.·Industrials

Italy proposed to appoint Lorenzo Mariani as the new chief executive of defence group Leonardo , replacing Roberto Cingolani, the Treasury said in a statement on Thursday, confirming an earlier Reuters report.

Italy's government is leaning towards naming Lorenzo Mariani as the new chief executive of Leonardo , four sources said on Thursday, ousting Roberto Cingolani in what would be a major change at the helm of the country's leading defence group.

Leonardo (FINMY) is facing rising investor scrutiny after activist shareholder Guy Wyser-Pratte pushed back against the Italian government's reported plan to re

Italy is likely to replace Roberto Cingolani as chief executive of defence group Leonardo , two sources close to the matter told Reuters, in what would be a major change in a round of appointments at state-controlled companies.

Leonardo S.p.a. (FINMY) Discusses New Industrial Plan and Strategic Vision for Growth and Innovation Transcript

Leonardo disclosed its mid-term plan and targets, including doubling profits by 2030, sending shares up as much as 9%. Rheinmetall said Wednesday that it expects sales to grow between 40% and 45% in 2026.
Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security systems, aeronautics, space, and other businesses in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, executive and private transport, medical and rescue, security, energy, and utility services, as well as provides support and training services. It also provides trainers, fighters, multi-mission transport, and multi-mission surveillance aircraft; command and controls, radars and sensors, optronics, communication systems, electronic warfare, avionics, air traffic management, and defense systems; and cyber security and resilience, critical communications, digitalization, and monitoring. In addition, the company offers geoinformation, satellite communications, ground systems, navigation, and satellite operations; interplanetary probes and orbiting modules; and robotics and drilling, electro-optics, laser transmitters, atomic clocks, photovoltaic panels, power distributors and amplifiers, attitude sensors, and orbital micropropulsion. Further, it engages in the production and assembly of major structural composite and metallic components for commercial and military aircraft, helicopters, and unmanned aircraft, as well as provides automation of airport baggage handling, mail sorting centers, and courier logistics hubs. The company was formerly known as Leonardo Finmeccanica S.p.a. and changed its name to Leonardo S.p.a. in January 2017. Leonardo S.p.a. was founded in 1948 and is headquartered in Rome, Italy.
Industrials
Aerospace & Defense
60,288
2010-01-05
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