Leonardo is divesting its business line responsible for making torpedos. The defense company signed a definitive agreement with Fincantieri, one of the biggest shipbuilders in Europe, for the sale of Underwater Armaments Systems for up to $447 million. In a press release, Leonardo said Fincantieri will pay a fixed amount of about $323 million for...
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Tag: Roberto Cingolani
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Leonardo Seeking Key European Defense Industry Alliances, New CEO Says
The new CEO of Italian defense and electronics firm Leonardo, Roberto Cingolani, said the company is “working on some alliances that should create European hubs in fundamental defense sectors.” According to a Defense News report, the CEO’s strategy, which he unveiled in a speech before a defense committee in the Italian Parliament, calls for a...