All the latest news on Leonardo
Leonardo's agreement with Knds, the scenarios on Cingolani's next moves according to Il Sole 24 Ore, the performance of the stock on the stock exchange, Intermonte's comment and the exit of top manager Paolo Messa from the former Finmeccanica group. Facts, numbers, rumors and insights
Good performance by Leonardo this morning on Piazza Affari which, after recording an increase of 1.08%, closed +0.71%, placing itself at the top of the main Milanese price list. The movement of the stock is in the wake – according to the Radiocor agency – of the rumors reported by Il Sole 24 Ore according to which the company led by CEO Roberto Cingolani is looking at the MBDA model for the new strategic alliance signed on 13 December with Knds and aimed at the creation of a European hub for land armaments.
THE SIGNING OF THE UNDERSTANDING WITH KNDS
In recent days, Leonardo's leaders – as also reported by Start Magazine – signed an agreement with Knds, the holding company that controls the German Kmw and the French Nexter, which postulates the creation of a European group for land defense, which will produce the tanks armed Leopard 2 A8s and new armored vehicles.
LEONARDO'S PLAN WITH KNDS
In detail, Leonardo would aim to create a jv of which it would hold a third, while approximately 63% should go to Knds which represents the French and German industry. “For the corporate structure of the joint venture, Cingolani likes «the MBDA model», the missile company of which Leonardo has 25% (Airbus and BAE Systems have 37.5% each). Leonardo aspires to have a third of the future joint venture. The French and German industries would each have a third, therefore around 67% would go to KNDS. According to industrial sources, the role of the German Rheinmetall , an important partner of the Leopard and manufacturer of the Lynx armored vehicles, will also have to be taken into account in the final structure,” wrote Gianni Dragoni of the newspaper Il Sole 24 ore .
CHAPTER HENSOLDT
Cingolani – recalls Il Sole – wrote a letter to the German government with which he confirms the collaboration with Hensoldt, of which his predecessor, Alessandro Profumo, bought 25.1%, with a cost of 606 million. Leonardo, however, will drop to 22.8% because it will not participate in the recapitalization of Hensoldt, because it would spend 76 million while remaining in the minority. ( here is the recent study by Start Magazine on Leonardo and Hensoldt )
WAITING FOR THE INDUSTRIAL PLAN
Furthermore, in view of the industrial plan that will be presented to the Board of Directors at the end of February, the company has already reviewed the agreements with Thales on the Space Alliance and will consolidate Telespazio of which it holds 65%.
DOSSIER OF PITCHERS AND MORE
In launchers, Leonardo is aiming for an aggregation that enhances the stake held in Avio. Possible new collaborations with Airbus in aerostructures are not excluded, taking into account that today the collaboration is limited to the A321 and A220.
Finally, the Confindustria newspaper wrote, “a revolution in Leonardo's alliances could result from open talks with Airbus, to study broader collaborations in aerostructures (currently limited to the A321 and A220) and other options, from space to military helicopters. According to an industrial source, there is a joint project by Airbus and Leonardo to obtain funding from the European EDF fund to study a new military transport aircraft (Fasett), to be put on the market for the future replacement of Lockheed's C130s".
INTERMONTE'S ANALYSIS
According to Intermonte «the article is in line with the recent comments and declarations of Leonardo's management». That is, nothing really new. But according to Radiocor , the press agency of the Sole 24 Ore group, Gianni Dragoni's piece from the Confindustria newspaper contributed to the stock of the former Finmeccanica group opening positively on the stock exchange. Will it be true?
PAOLO MESSE LEAVES THE LEONARDO GROUP
There is another question hovering around Leonardo this morning. What are the real reasons for the exit of top manager Paolo Messa, publisher, among other things, of the newspapers Formiche , Formiche.net (where Giorgio Rutelli was recently replaced by Valeria Covato) and Airpress (a specialized magazine on defense and aeronautics ), from the former Finmeccanica group. Messa – we read on the Luiss Business School website – “in 2018 he joined Leonardo Company as Executive Vice President. He is now responsible for Geo-Strategic Relations with the USA." A formidable video went around the computers of the group in Piazza Monte Grappa: "In his new role, Messa is responsible for taking care of geostrategic relations with the United States of America", wrote the lobbyist Mariella Palazzolo, blogger of Formiche , in Riformista , who published the video entitled : “Paolo Messa by Leonardo for Lobby Non Olet” on Youtube as part of the “Lobby non Olet” column. The lobby not only “doesn't smell”, it even smells”. Messa did not depend – at the time of his arrival at Leonardo in the States – on the International Relations directorate but reported to the directorate then governed by the former deputy general director of the Dis (secret services) , Enrico Savio, previously Chief Strategy and Market Intelligence Officer by Leonardo. Evidently – according to Leonardo union sources – there were frictions with the top management behind Messa's exit from the group chaired by Stefano Pontecorvo. But the end of the experience of the journalist and publisher Messa in Leonardo did not come during the management of Profumo and Carta – which evidently smelled good – but during that of Cingolani and Pontecorvo.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/tutte-le-ultime-novita-su-leonardo/ on Thu, 28 Dec 2023 11:54:40 +0000.