Leonardo S.p.A.

LDO

IT0003856405

Aerospace & Defense

Real-time Borsa Italiana Other stock markets 04:34:29 2024-07-04 am EDT			5-day change	1st Jan Change
22.68 ^EUR	+1.34%		+5.88%	+51.86%

09:41am	Milan stock market starts strong, Ftse Mib above 34,000 points on mid-June high, banks good	RE
09:30am	Indices up; wait for construction PMI	AN

Leonardo signs MoU with Rheinmetall to create joint venture

July 04, 2024 at 02:16 am EDT

(Alliance News) - Leonardo Spa announced Wednesday that it has signed a Memorandum of Understanding with Rheinmetall to create a new 50-50 joint venture aimed at developing a European-wide industrial and technological approach in the field of defense systems

land.

The agreement is aimed at the industrial development and subsequent commercialization of the new Main Battle Tank and Lynx platform for the Armoured Infantry Combat System program within the Italian Army's land systems programs, the company points out in a note.

Final assembly lines, vehicle homologation testing, delivery activities and logistics support will be carried out in Italy with an Italian share of 60 percent.

Leonardo closed Wednesday in the green 3.8 percent to EUR22.38 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	RHEINMETALL AG	514.4 EUR	+1.86%	+7.90%	23.69B
	LEONARDO S.P.A.	22.7 EUR	+1.43%	+5.98%	13.91B

Latest news about Leonardo S.p.A.

Milan stock market starts strong, Ftse Mib above 34,000 points on mid-June high, banks good	03:41am	RE
Indices up; wait for construction PMI	03:30am	AN
Futures up; voting in UK.	02:28am	AN
Leonardo signs MoU with Rheinmetall to create joint venture	02:16am	AN
Mib bullish at 33,800; strength on MPS and Leonardo	Jul. 03	AN
Rheinmetall, Leonardo SpA Sign MoU for New Land Defense Systems JV	Jul. 03	MT
Leonardo and Rheinmetall sign Mou for 50-50 joint venture on land defense	Jul. 03	RE
Milan stock market rebounds, Mps and Bper run, cues also on Leonardo	Jul. 03	RE
'HB': Rheinmetall on the verge of a possible major order from Italy	Jul. 03	DP
Milan stock market accentuates decline after EU inflation, down Stellantis, banks, jumps Sys-Dat	Jul. 02	RE
Futures bullish; inflation data expected	Jun. 28	AN
Stock exchanges in the red on eve of US PCE	Jun. 27	AN
Space-Based Data Centers Could Work, European Study Finds	Jun. 27	DJ
Mib drops to 33,400; strength on Leonardo and Cucinelli	Jun. 27	AN
Airbus, Others Secure New Contracts from European Space Agency	Jun. 26	MT
Milan stock exchange, indexes cautiously up, wait for US and EU inflation, Tim collection	Jun. 26	RE
Futures in green; German hiring falls	Jun. 26	AN
Mib down; Saipem and Eni close higher	Jun. 25	AN
Global markets live: UBS, Boeing, AT&T, Rivian, Nvidia, Tesla...	Jun. 25
Milan stock exchange weak as WS awaits, Leonardo and industrials down, oil well	Jun. 25	RE
Milan stock market weak at start, down Leonardo after Airbus warning, oil stocks good	Jun. 25	RE
Leonardo to Consolidate Diversification Process at Italian Site Amid Lower Demand for Boeing 787	Jun. 25	MT
Leonardo plant in Italy to close for four months because of Boeing problems	Jun. 24	RE
Leonardo, 4-month shutdown at Grottaglie due to slowdown on Boeing 787	Jun. 24	RE
Stock markets up; in Germany business morale falls again	Jun. 24	AN

Chart Leonardo S.p.A.

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Company Profile

Leonardo S.p.A. is one of the European leaders in the design, manufacturing and marketing of aerospace defense systems. Net sales break down by family of products as follows: - defense systems (45.5%): weapons, radar, etc.; - helicopters (28.7%): for civilian and military uses; - aeronautic equipment (17.8%): aircrafts, etc.; - aerostructures (3.9%); - other (4.6%). At the end of 2023, the group had 111 production sites located in Italy (55), Europe (8), the United States (30) and other (18). Net sales are distributed geographically as follows: Italy (17.6%), the United Kingdom (10.8%), Europe (24.4%), the United States (25.8%) and other (21.4%).

Sector

Aerospace & Defense

Calendar

2024-07-29 - Q2 2024 Earnings Call

Related indices

STOXX EUROPE 600 (EUR) , FTSE MIB INDEX

More about the company

Income Statement Evolution

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Analysis / Opinion

LEONARDO : Leonardo beats all expectations in the Q1-24

May 08, 2024 at 11:10 am EDT

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Ratings for Leonardo S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

22.38 EUR

Average target price

24.55 EUR

Spread / Average Target

+9.71%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Aerospace & Defense

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BHARAT ELECTRONICS LIMITED	+72.03%	27.54B
RHEINMETALL AG	+78.89%	23.69B

Other Aerospace & Defense

Leonardo S.p.A.

Equities

LDO

IT0003856405

Aerospace & Defense

Leonardo signs MoU with Rheinmetall to create joint venture

Stocks mentioned in the article

EPS Revisions