Leonardo Set to Finalize Deals to Expand in Cybersecurity, Space, and Drone Markets, Says CEO

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Insider Brief:

  • Leonardo is currently engaged in due diligence processes and is close to finalizing several merger and acquisition deals to expand its footprint in the cybersecurity, space, and drone sectors.
  • The expansion efforts come on the heels of its 2024-2028 industrial plan which outlines Leonardo’s commitment to reinforcing its core operations, including helicopters, electronics, and aircraft, while venturing into digitalisation and artificial intelligence.

 

Leonardo, the prominent Italian defense group, is gearing up to enhance its cybersecurity, space, and drone footprint through strategic mergers and acquisitions. The company’s CEO, Roberto Cingolani, reportedly shared this update during a recent event in Milan.

Cingolani revealed that Leonardo is currently engaged in due diligence processes and is close to finalizing several deals in these areas. Leonardo’s expansion efforts come on the heels of its 2024-2028 industrial plan, which was announced in March. The plan outlines Leonardo’s commitment to reinforcing its core operations, including helicopters, electronics, and aircraft, while venturing into digitalisation and artificial intelligence.

Leonardo is focused on harnessing new growth opportunities with the planned acquisitions. Cingolani’s comments suggest that Leonardo is on the verge of transformative deals that will bolster its capabilities in these high-potential areas. As these initiatives unfold, Leonardo is poised to emerge as a more diversified and resilient player in the defense and technology markets.

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