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Leonardo SpA Az nom Post raggruppamento - Stock Quote LDO

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Morningstar's Leonardo SpA Az nom Post raggruppamento Stock Analysis

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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We Increase Our FVE for Leonardo on the Back of Higher Defense Spending

Joachim Kotze, CFA Equity Analyst

Business Strategy and Outlook

| Joachim Kotze, CFA |

Leonardo has undergone a long and painful transition from a holding company housing strategic political and economic Italian state industrial assets to a more focused aerospace and defense business. The crown jewel in the portfolio is the helicopter business, which houses the well-known AgustaWestland brand with best-in-class profitability. The defense, electronics, and security, or DES, division hosts a diverse set of sensors, solutions, and systems for domestic and export military customers. Ongoing restructuring in the aerostructure business offsets the rosier prospects of the aircraft business in the aeronautics segment. The current portfolio makes strategic sense, and we believe the group is in a fair position to compete in the mature but stable aerospace and defense markets.

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Leonardo SpA Az nom Post raggruppamento's Company Profile

Business Description

Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group’s divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the U.S. defense market through the DRS subsidiary. The aeronautics division cooperates in international programs such as Eurofighter Typhoon, F-35, and the new Tempest and supplies aerostructures to large commercial aircraft programs.

Piazza Monte Grappa 4
Rome, 00195, Italy
T +39 6324731
Sector Industrials
Industry Aerospace & Defense
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2021
Stock Type
Employees 50,106