Leonardo hails H1 results and eyes continued benefits from FCAS
Leonardo's AW101 helicopter. (Photo: Leonardo.)
Italian defence contractor Leonardo claimed a good first half of 2021, with military sales counteracting a decline in its civil aerostructures business hit by COVID-19.
Leonardo saw its pre-tax earnings rise by 37% year on year to €400 million ($475.9 million) in H1 2021, and the Italian aerospace and defence group confirmed its full-year guidance on 29 July.
The strong performance of its military and government work contributed to revenues of €6.3 billion, up 7.9% on H1 2020. On the same basis, order intake also rose by 9.5% to €6.7 billion.
Commenting on the results, Leonardo CEO Alessandro Profumo said: 'First half 2021 results are solid, and we are back on a sustainable growth path. Our commercial activity has been intensive and we are continuing to
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
![UK Chancellor commits £2 billion to make the country a “defence industrial superpower”]()
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
![Avalon 2025: Australian defence budget meets the low expectations of show attendees]()
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
![Launch of Gilat Defense targets DoD market]()
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
-
![Collins MAPS Gen II to equip US DoD watercraft]()
Collins MAPS Gen II to equip US DoD watercraft
US services have already conducted multiple tests with military maritime systems fitted with the system.
-
![OCCAR expects substantial boost in programme numbers “in the coming months”]()
OCCAR expects substantial boost in programme numbers “in the coming months”
Europe’s Organisation for Joint Armament Cooperation (OCCAR) “has to establish itself…as a centre of excellence for cooperative Defence Equipment Programmes” in the face of growing threats and the need for rearmament, according to the organisation’s chairman.
