The joint venture between Leonardo and Rheinmetall he produced a first contract: the 21 armored vehicles, the “A2CS Combat” that will be delivered to theItalian Army. "This first joint order, following the decision to establish a joint venture between Rheinmetall and Leonardo, represents an important milestone" said David Hoeder, Executive Chairman of the Leonardo Rheinmetall Military Vehicles JV. “It brings the two companies and two of Europe's largest countries closer together. Cooperation is no longer an option; it is the very essence of our European strategic sovereignty.”
The details of the agreement
The supply of Leonardo and Rheinmetall concerns in particular, specifies a joint note from the companies, 21 means tracked armored vehicles for infantry, 5 of which model Lynx KF-41 of Rheinmetall with the Lance turret, followed by 16 vehicles in a new configuration equipped with the same hull and turret Leonardo's Hitfist 30mm. The agreement also provides for theupdate the entire fleet to this last configuration, in addition to including other 30 optional vehicles and training and simulation systems for crew training. These are fully digitalized, next-generation vehicles based on the best technologies available on the market and capable of operating interoperably in a multi-domain context, the statement says.
Leonardo: the accounts of the 9 months
The company today published its nine-month results, which closed with a net profit of 466 million of euros, up 28% compared to a year ago, and a Operating income of 945 million (+18,9% on the restated figure of the comparison period) on revenues of 13,4 billion euros (+11,3%). orders for the period amounted to 18,2 billion (+23,4%) thanks to an important order for the Aeronautics division (Eurofighter training for Kuwait) and bringing the order backlog to 47,3 billion (1,4 billion book-to-bill, the ratio between orders received and invoiced).
Il free cash flow it is negative by 426 million but improves compared to the previous period by 22,5%.
The group confirmed guidance for 2025 The company's half-year results forecast revenues of €18,6 billion, with new orders of €22,5-€22,75 billion, an operating profit of €1,66 billion, positive free cash flow of €960-€980 billion (including the impact of the resolution of the NH90 Norway dispute), and group net debt of approximately €1,1 billion. As of September 30, debt stood at €2,3 billion, down approximately 26%.
Giuseppe Aurilio is Leonardo's new CFO.
During the presentation of the accounts, Leonardo announced that the board of directors had taken note of the consensual termination of the employment relationship with Alessandra Genco, current CFO, who will remain in office until November 10 and in the company until November 30. The role will be assumed by Joseph Aurilio, current chief operating officer of Telespazio.
