Lenoardo has closed 2016 fiscal year with a 35 billion Euro backlog including new orders for 2016 alone worth Euro 20 billion guaranteeing the Italy-headquartered defence and aerspace conglomerate a 3 years production run in its factories mostly in Europe.
Net Result for 2016 before extraordinary transactions was at more than EUR 500 million, more than double of 2015 at EUR 253 million, a company statement said today.
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Gianni De Gennaro, approved the 2017-2021 Industrial Plan and examined the 2016 preliminary results. The Board of Directors will examine and approve the Draft Annual Report of 2016 on 15 March 2017.
Mauro Moretti, Leonardo CEO and General Manager commented "The results achieved in the last three years – from 2014 to 2016 - confirm the effectiveness of the choices on which the Industrial Plan is based.”
New Orders amounted to EUR 20 billion, more than 60% higher than 2015, despite a negative impact from the €/£ exchange rate. Key orders include the contract for the supply of 28 Eurofighter Typhoon aircraft signed in April with the Kuwaiti Ministry of Defence, for an overall value of EUR 7.95 billion. 2016 book-to-bill ratio stands at 1.7.
The revenues for 2016 reflects the net impact of the first advance payment for the Eurofighter Kuwait, higher compared to the original 2016 expectation. However, the total cumulated net impact for the Eurofighter Kuwait for the two years 2016 and 2017 of approx. EUR 600 million is reconfirmed.
Leonardo has delivered its first NH90 Maritime Italian Navy Tactical Transport helicopter during a ceremony held at Luni Naval Base. The delivery marks the first of ten scheduled for the Italian navy, which designated the aircraft as MH-90, the company announced today
Leonardo and Abu Dhabi-based IGG (International Golden Group PJSC) have signed a strategic collaboration agreement to supply cyber security capabilities in the UAE during the on-going IDEX exhibition. Leonardo and IGG will collaborate to identify and implement advanced solutions including Security Operations Centres (SOCs)
Leonardo Helicopters AW169 has received validation by the Federal Aviation Administration (FAA), with deliveries to US customers slated to begin later this year. This approval follows European Aviation Safety Agency (EASA) certification of the new medium twin helicopter by seven months, the company announced Tuesday
Leonardo has confirmed its participation in the US Air Force $16.3 billion T-X trainer competition alone
Leonardo DRS has signed an agreement to acquire Daylight Solutions, a US firm that develops and supplies quantum cascade laser products and technology. “Acquisition of Daylight Solutions is a first significant step forward towards the objectives of growth and development of the Industrial Plan 2017-2021
Leonardo Helicopter has won an £8 million deal contract from UK ministry of defense to help research and develop unmanned helicopter drones. The Ministry of Defence announced Sunday that it will work with Leonardo Helicopters to see how the technology could be used to support military personnel on the battlefield
Leonardo has filed notice of legal action in January, after having failed in a bid to replace Canada's fixed-wing search and rescue fleet. The company is challenging the Liberal government's decision last fall to buy 16 new C-295W transports manufactured by rival Airbus Defence and Space
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