ROME, March 12 (Reuters) - Italian defence and aerospace
group Leonardo said on Thursday it was stepping up
investment in computing, artificial intelligence and
cybersecurity over the next five years as it aims to evolve into
a high-profile digital defence player.
Under the last industrial plan, the state-controlled group
heavily invested in digitalisation, defence electronics and
interconnected platforms. That marked a transition away from a
traditional defence model towards integrated security and
advanced technologies, which CEO Roberto Cingolani described as
moving "from bullets to bytes".
The group now "benefits from a competitive advantage that
few others possess, enabling us to develop products and
solutions capable of addressing further threats," Cingolani said
in a statement.
As part of its strategy, the group is counting on its
Michelangelo Dome - a new multi-layered air defence system - to
unlock business opportunities estimated at 21 billion euros ($24
billion) over the next decade.
In the new five-year plan, Leonardo forecasts cumulative
orders of 142 billion euros by the end of 2030, implying a
compound average annual growth of 6.1%.
Revenues are expected to rise an average of 9% a year
between 2026 and 2030 to reach 126 billion euros in total, while
core profits are expected to double from end-2025 levels to 3.59
billion euros by the end of the plan.
STRONG GROWTH
Earlier on Thursday, Leonardo said it was "positioned on a
path of strong growth", with orders, revenues and core profits
set to rise further.
The group forecast orders of about 25 billion euros this
year from 23.8 billion euros in 2025, and revenues of around 21
billion euros from 19.5 billion euros last year.
Earnings before interest, taxes and amortisation are
expected to increase to 2.03 billion euros by the end of the
year, it added.
Leonardo also proposed a dividend of 0.63 euros per share on
last year's results.
($1 = 0.8659 euros)
(Reporting by Giulia Segreti in Rome; Editing by Alvise
Armellini and Emelia Sithole-Matarise)