In general dismay at Donald Trump's victory in the US presidential election, some titles travel against the trend in Piazza Affari. It is the case of Leonardo, which in mid-morning jumped by 4%, to 11,20 euros per share, achieving one of the best increases in the Ftse Mib.
The performance of the Italian aerospace multinational is linked to the fact that Trump, during the electoral campaign, repeatedly declared that he would raised defense spending.
And Leonardo Finmeccanica has important interests in the US through the subsidiary Drs, which represents over 20% of the top line of the group led by Moretti.
The news reported by the press, according to which the group would have lost the maxi order for the renewal of the Singapore defense helicopter fleet in favor of the competitor Airbus Helicopters, on the other hand, did not affect the stock. The reason is that evidently the loss of this tender was already taken into account and very probably the analysts did not consider it in their estimates.
