Leonardo Company

What Leonardo Company does

Leonardo S.p.A. (formerly Finmeccanica, rebranded 2017) is a publicly listed Italian aerospace, defence and security group headquartered in Rome and traded on the FTSE-MIB under ticker LDO. The company operates through seven business divisions — Aeronautics, Helicopters, Electronics, Cyber & Security, Space, Automation, and HPC — supplying military and civil customers in more than 130 countries. Headline 2025 segment figures include approximately €5 BN in Aeronautics aircraft orders, €6.2 BN in Helicopters revenue (4,500+ helicopters in service), €10.7 BN in Electronics value (1,000+ radars deployed in 58 countries), €1.1 BN in Cyber & Security orders (systems in 50 countries) and €1 BN in Space revenue. Revenue mechanics are predominantly hardware sales to government and defence ministries through direct enterprise field sales, with a recurring software/services element in Cyber & Security and Automation's turnkey support contracts; pricing is negotiated per project and not publicly disclosed.

The company's technology backbone rests on the Michelangelo Dome multi-domain architecture (integrating land, air, sea, space and cyber), a portfolio of 36+ granted patents (DRILLIMO, HPRD, LDO0443 dynamic radar allocation, LDOH3108 rotor vibration damper, etc.), an HPC division operating DaVinci-2 at 20 PFlops Rmax with 230+ CPU and 120+ GPU nodes (3x scaling planned for 2026), and a new Space Smart Factory in Rome targeting 100+ satellites per year. Go-to-market combines direct enterprise sales to defence ministries with distribution via wholly owned subsidiaries (Leonardo DRS in the US, Leonardo Polska, Automation division) and a deep JV ecosystem (ATR with Airbus, MBDA, Telespazio with Thales, Thales Alenia Space, Avio, Leonardo Rheinmetall Military Vehicles).

Customer segments are vertical: military and government defence (primary), civil aviation, airport/postal/logistics automation, and civilian government security. Anchor contracts include the UK AW149 deal (~£1 BN), the Norwegian Armed Forces procurement, the Saudi Arabia C-27J MPA agreement and an Avincis emergency-response fleet of 15 AW169 aircraft. The 2026 acquisition of Iveco Group's defence business added €1,368 M of revenue, over 2,000 employees, 6 manufacturing plants and 7 R&D centres, positioning Leonardo as an integrated OEM in land defence alongside its established air and electronics franchises.

Name

Leonardo Company

Legal name

Leonardo S.p.A.

Website

https://leonardocompany.com

Company type

Public

Founded year

1906

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Leonardo S.p.A. is a publicly listed Italian aerospace, defence and security group operating seven business divisions (Aeronautics, Helicopters, Electronics, Cyber & Security, Space, Automation, HPC) that supply military and civil customers in 130+ countries, anchored by the Michelangelo Dome multi-domain architecture and a European defence JV ecosystem.

Ownership category

akta.pro rank

Product category

Aerospace & Defence Systems

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Aircraft Manufacturing (336411), Aerospace Product and Parts Manufacturing (33641), Guided Missile and Space Vehicle Manufacturing (336414), Other Communications Equipment Manufacturing (33429), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Aircraft (3721), Guided Missiles & Space Vehicles & Parts (3760), Aircraft Parts & Auxiliary Equipment, Nec (3728), Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480), Communications Equipment, Nec (3669), Measuring & Controlling Devices, Nec (3829)

akta.pro primary industry

Military Avionics, Mission Computers & Flight Controls (IMABAMAE)

akta.pro secondary industries

Military Fixed-Wing Aircraft Manufacturing (IMABAAAB), Military Aircraft Structures, Airframes & Composites (IMABAMAH), Space Payloads & Instruments (Sensors, Comms, EO/IR) (IMABACAD), Military Aerospace Communications, Datalinks & Networking (IMABAMAK), Artillery, Mortar & Tank Munitions (IMABAHAH), Guidance, Navigation & Control (GNC) Electronics for Weapons (IMABAGAH), Special-Mission Fixed-Wing Aircraft Manufacturing (ISR, AEW&C, Patrol) (IMABAAAH)

Keywords

• Aerospace systems
• Defence electronics
• Military helicopters
• Air defence radars
• Cybersecurity solutions

Headquarters

HQ city

Roma

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Helicopters: Design, manufacture and sale of civil and military helicopters. Over 4,500 helicopters in service globally.
2. Aeronautics: Aircraft orders and aerostructures. Approximately 1,200 aircraft managed at around 50 sites/bases for civil and military customers.
3. Electronics: Air defence and surveillance radars, electronics systems for defense applications. Over 1,000 radars deployed in 58 countries.
4. Cyber & Security: Critical communication systems, cyber security solutions. Used in 50 countries worldwide.
5. Space: Space systems and satellite technology. Satellite production capacity of 100+ per year planned.
6. Automation: Handling and sorting automation solutions for airports, postal centres and logistics hubs. Systems and solutions built on over 40 years of experience.
7. Land Defence (Iveco Defence Acquisition): Defence vehicles including Centauro, Lince (Iveco Defence Vehicles), and the new VBBA (Veicolo Blindato Anfibio). Revenue of approximately EUR 1,368 million in 2025.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Leonardo designs, manufactures and supports advanced aerospace, defence and security systems across seven business divisions: Aeronautics (civil and military aircraft), Helicopters (rotorcraft platforms such as AW139, AW149, AW189, AW249), Electronics (air defence and surveillance radars), Cyber & Security (critical communication systems), Space (satellites and space systems), Automation (airport, postal and logistics handling systems), and HPC (high-performance computing). The company supplies complete platforms and integrated multi-domain technologies to governments, armed forces, and commercial customers globally.

Product overview

Leonardo is a global leader in Aerospace, Defence and Security, organized into seven business divisions delivering advanced, interconnected technologies. The company operates as a platform-plus-modules architecture spanning: Aeronautics (civil & military aircraft, €5 BN), Automation (airport/postal/logistics automation, 40+ years experience), Cyber & Security (critical communications, 50 countries), Electronics (air defence radars, €10.7 BN, 1,000 systems in 58 countries), Helicopters (€6.2 BN, 4,500+ helicopters), HPC (20 PFlops computing with Davinci-2), and Space (€1 BN, 100+ satellites/year planned). Key products include AW149/169/249 military helicopters, Michelangelo Dome multi-domain architecture, Parcel and Baggage Handling automation solutions, SignalTrace surveillance technology, and defence platforms like the C-27J MPA and Vulcano artillery systems. The company also maintains a Technology Transfer portal showcasing patents including DRILLIMO and HPRD.

Differentiator

Problem solved

Functional benefit

Brands

• Aeronautics: Aeronautics division covering aircraft manufacturing and aerostructures
• Automation
• Cyber & Security
• Electronics
• Helicopters
• HPC
• Space
• Michelangelo Dome
• SignalTrace

Products and services

• Aeronautics Design, manufacture and support of civil and military aircraft, with approximately EUR 5 BN in aircraft orders in 2025 and around 1,200 aircraft managed at roughly 50 sites/bases for global civil and military customers.
• Helicopters Design, manufacture and sale of civil and military rotorcraft platforms including AW139, AW149, AW169, AW189, AW249 and AW09, with over 4,500 helicopters in service across more than 130 countries and EUR 6.2 BN in value.
• Electronics Air defence and surveillance radars, defence electronics and integrated electronic systems with 1,000+ radar systems deployed in 58 countries and EUR 10.7 BN in value.
• Cyber & Security Critical communication systems and cyber security solutions used in 50 countries for emergency management, public safety, and critical infrastructure protection, with EUR 1.1 BN in orders in 2025.
• Space Space systems, satellite manufacturing and space technologies, with EUR 1 BN in value and plans for 100+ satellites per year from the new Space Smart Factory in Rome.
• Automation Handling and sorting automation solutions for airports, postal centres and logistics hubs, with 40+ years of experience and over 30 km of sorting systems in operation globally.
• HPC (High Performance Computing) High-performance computing infrastructure providing 20 PFlops Rmax with 230+ CPU and 120+ GPU nodes (DaVinci-2), with 3x computing power planned for 2026, supporting aerospace and defence simulation workloads.
• Michelangelo Dome Open, modular and scalable multi-domain architecture for air defence integrating different technologies into a dynamic dome of protection across land, air, sea, space and cyber domains.
• AW149 Helicopter Medium-lift military helicopter featuring advanced design and avionics, procured by the UK government under a £1bn deal with Leonardo for defence modernisation.
• AW249 Helicopter Next-generation military attack helicopter featuring advanced design and flying qualities, exhibited at ILA Berlin 2026 to address European and global capability requirements.
• AW169 Helicopter Light-intermediate twin-engine helicopter for civil and emergency response missions, with a 15-aircraft order placed by leading European emergency operator Avincis.
• Parcel Handling Solutions Automated parcel sorting and handling systems for postal centres and logistics hubs, supporting aviation, postal and retail sector customers.
• Baggage Handling Solutions Automated airport baggage handling systems providing efficiency, reliability and traceability throughout baggage processing operations.
• Customer Support and Services (Automation) Turnkey operations and maintenance services for automation installations, including Plant Services (scheduled, preventative, corrective maintenance) and Customer Care (remote support, spare parts, training, 24/7 support).
• Vulcano 155mm GLR Extended range 155mm precision-guided artillery projectile developed with Diehl Defence and General Dynamics, awarded under the Extended Range Artillery Projectile program.
• C-27J MPA Maritime patrol aircraft variant of the C-27J Spartan tactical airlifter, supplied under a Leonardo-Saudi Arabia agreement for naval surveillance and patrol missions.
• Iveco Defence Land Vehicles Defence vehicles and land systems including Centauro, Lince and VBBA amphibious armoured vehicles, integrated into Leonardo's land defence portfolio following the 2026 acquisition of Iveco Defence with EUR 1,368 million in revenue, 6 plants and 7 R&D centres.

Quantifiable outcome

• Over 4,500 helicopters operating in 130+ countries
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• BaykarcoreStrategic or Co-development Partner · 22 June 2026Leonardo and Baykar set a major milestone for advanced crewed/uncrewed capability development with successful first K-SWARM live trials. This partnership focuses on developing integrated manned-unmanned teaming (MUM-T) capabilities.
• EDGE GroupflagshipStrategic or Co-development Partner · 17 June 2026Leonardo and EDGE Group announced a partnership through a joint venture focused on advanced defence sensors and systems. This strategic collaboration combines Leonardo's aerospace and defence expertise with EDGE's capabilities in the Middle East defence market.
• Diehl DefencecoreStrategic or Co-development Partner · 16 June 2026Diehl Defence, Leonardo and General Dynamics celebrated the Extended Range Artillery Projectile award based on Vulcano 155mm GLR. Partnership for advanced artillery ammunition technology.
• General DynamicscoreStrategic or Co-development Partner · 16 June 2026Diehl Defence, Leonardo and General Dynamics celebrated the Extended Range Artillery Projectile award based on Vulcano 155mm GLR. Partnership for advanced artillery ammunition technology.
• ATRcoreStrategic or Co-development PartnerATR (Avions de Transport Régional) is a joint venture between Leonardo and Airbus, manufacturing regional turboprop aircraft. Leonardo holds a significant stake in this joint venture.
• MBDAcoreStrategic or Co-development PartnerMBDA is a European joint venture missile systems company in which Leonardo holds a stake. MBDA develops and manufactures advanced missile systems for defence applications.
• TelespaziocoreStrategic or Co-development PartnerTelespazio is a joint venture between Leonardo and Thales, providing satellite services including Earth observation, satellite communications, and navigation services.
• Thales Alenia SpacecoreStrategic or Co-development PartnerThales Alenia Space is a joint venture between Leonardo and Thales, manufacturing satellite systems and space infrastructure for communications, navigation, and Earth observation.
• AviominorStrategic or Co-development PartnerAvio is an Italian space company in which Leonardo holds a stake, specializing in space launch vehicles and propulsion systems.
• Leonardo Rheinmetall Military VehiclescoreStrategic or Co-development PartnerJoint venture between Leonardo and Rheinmetall for the development and production of military vehicles, combining Leonardo's systems integration expertise with Rheinmetall's vehicle capabilities.
• LBA SystemsminorStrategic or Co-development PartnerLBA Systems is a partnership providing systems integration and support services for Leonardo's land defence products.
• Leonardo DRScoreOEM/ Whitelabel/ Licensing PartnerLeonardo DRS is a US subsidiary specializing in defence electronics. It serves as Leonardo's primary platform for the US defence market, providing advanced electronics systems.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BAE Systems: UK-headquartered global defence, aerospace and security prime with overlapping platforms across air, land, sea and cyber, including combat aircraft, electronics, and a major Leonardo JV partner in MBDA. Most direct European Tier-1 peer to Leonardo.
• Thales: French defence electronics, aerospace and security group, comparable in mission systems, radars and avionics. Joint venture partner with Leonardo in Thales Alenia Space and Telespazio, making it both a competitor and a partner.
• Rheinmetall: German defence prime with leading land systems, ammunition and air defence products. Joint-venture partner with Leonardo in military vehicles (Leonardo Rheinmetall Military Vehicles) and a direct competitor in European defence procurement.
• Dassault Aviation: French military and business aircraft manufacturer (Rafale, Falcon). Competes with Leonardo in military fixed-wing and special-mission aircraft across export markets, particularly in Europe, Middle East and Asia.

Broad incumbents

• General Dynamics: US-listed broad defence prime with combat vehicles (Abrams, Stryker), Gulfstream business jets, and mission systems. Comparable through the Vulcano artillery collaboration with Leonardo and overlapping land-defence exposure after the Iveco acquisition.
• Lockheed Martin: Largest global defence prime, dominant in combat aircraft (F-35), missiles, and space. Competes with Leonardo in radars, mission systems, helicopters (Sikorsky) and special-mission aircraft for European and FMS opportunities.
• RTX (Raytheon Technologies): US defence and aerospace major with Collins Aerospace, Pratt & Whitney and Raytheon Missiles & Defense. Competes with Leonardo in avionics, radars, missile systems and military aircraft propulsion.
• Northrop Grumman: US defence prime in autonomous systems, space, and integrated air and missile defence. Comparable through overlapping radar/mission-systems and space-payload offerings versus Leonardo's Electronics and Space divisions.

Regional players

• Saab: Swedish defence and aerospace company with Gripen combat aircraft, radars, and missile systems. Comparable in scale and product mix to Leonardo but operating in the Nordic/Baltic region with limited overlap in Southern Europe and Middle East.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/leonardo_company
• Xx.com/Leonardo_live
• Facebookfacebook.com/LDOcompany

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Leonardo Company