Sunday, November 8, 2026
TGOs

The business of defense

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Company

Leonardo S.p.A.

Leonardo is an Italian aerospace, defence and security company. ↗

HeadquartersRome, Italy ↗
Founded1948 ↗
LeadershipLorenzo Mariani, CEO ↗
Employees62,762 ↗
Department of War obligations$92 million in prime contracts since fiscal 2022 ↗
OwnershipPublic; Italian government 30.2% ↗; Leonardo DRS (72.3%) ↗; MBDA (25%) ↗

Products

  • Leonardo is one of three prime industrial partners, with BAE Systems and Japan's JAIEC, in the Global Combat Air Programme to develop a sixth-generation combat aircraft. ↗

Customers

  • Leonardo and Rheinmetall formed the joint venture LRMV to bid on the Italian Army's ground vehicle renewal program. ↗

Acquisitions

  • Finmeccanica, now Leonardo, bought U.S. defence contractor DRS Technologies for nearly $5.2 billion, with the sale finalised in October 2008. ↗
  • Leonardo acquired a 25.1% stake in German defense electronics company Hensoldt, matching the German federal government's holding. ↗
  • Leonardo acquired Iveco Defence Vehicles in 2025 for a value of €1.7 billion. ↗