Italian defense giant Leonardo is preparing to boost production through joint ventures and industrial alliances amid rising European military spending. The company reported an 11% revenue increase in 2024, reaching €17.76 billion, driven by higher defense orders and cost-cutting measures. CEO Roberto Cingolani emphasized the need for expanded production to meet growing demand. Leonardo’s Defense Electronics and Security division led the year with €10.33 billion in orders, while the company is exploring alliances and acquisitions for its Aerostructures division. The strong performance positions Leonardo for further expansion in the European defense market.
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