The Board of Directors of #Leonardo, under the Chairmanship of Stefano Pontecorvo, unanimously approved the update of the Industrial Plan for the period 2025-2029.
Leonardo presents today to the financial community the update of the Industrial Plan for 2029, announced in March 2024, including medium-term targets.
The advancement of the Industrial Plan, which aims to develop the next generation of technologies for global security, is based on the massive digitalization and rationalization of products and services, efficiency initiatives, and cost reduction at the Group level – a gross saving of €1.8 billion over the course of the plan, of which €191 million have already been achieved in 2024. The alliances developed with other defense players are seen as a key factor in accelerating the competitiveness and profitability of the group in the current landscape.
"The Industrial Plan launched 12 months ago," states Roberto Cingolani, Chief Executive Officer and General Manager, "is allowing Leonardo to play a leading role in the current international competitive landscape."
"The massive digitalization and rationalization of products and services, along with efficiency initiatives and cost reductions at the Group level," he adds, "have unlocked the organic growth potential of the business beyond expectations, leading the company to achieve strong growth in the top line right from the start, with all KPIs exceeding expectations."
"The start of the alliances and international partnerships undertaken in recent months," concludes Roberto Cingolani, "is the element enabling us to accelerate our development, completing our industrial and technological capabilities. This type of inorganic growth is proving to be a key factor for global competitiveness, especially in light of the recent evolution of the international geopolitical context. No one – whether state or company – can develop the multidomain and interoperable technologies necessary to ensure the security of their citizens while preserving the right to peace, a societal achievement that is currently being questioned. In the coming years, it will be increasingly crucial to have significant innovative capabilities in terms of R&D, production, and human resources to preserve the development of the company, but above all, of society."
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