Leonardo, all the news from the USA, Spain and Poland
Leonardo between competitions won in Spain, relations with Poland and Drs dossier in the USA. Facts, numbers and insights on the latest news from the group headed by Profumo
Today the Leonardo stock shines in Piazza Affari (at the moment it rises by + 0.96% to 7.33 euros).
Aena, the first operator in the world for passenger traffic, has chosen the former Finmeccanica company to update the baggage handling systems of 10 Spanish airports to the latest security standards.
The company has been awarded all three lots envisaged in the public tender, for a total value of over 35 million euros.
“This is how Leonardo's position in the Automation sector in Europe is consolidated”, reads the company note. Yet recently the CEO of Leonardo, Alessandro Profumo, reiterated his desire to sell Bu Automation Systems (formerly Elsag).
Meanwhile, as said at the beginning, the Leonardo stock is in the spotlight in the wake of the Reuters report that the Piazza Monte Grappa company intends to list its subsidiary Drs on Wall Street next fall. The Italian aerospace and defense giant would sell about 20% of DRS, which has the United States Pentagon among its main customers.
Leonardo refused to comment on the indiscretion.
Finally, today the number one Profumo spoke at the Warsaw Security Forum, one of the main European industry events. "We are proud to be an important industrial partner for Poland, where we have been supporting the Polish Ministry of Defense for over 30 years, and we are proud to be an engine for the development of Poland's aviation industry and technological capabilities."
All the details.
THE ORDER FOR SPANISH AIRPORTS
Leonardo won all three lots envisaged in the public tender issued by the Spanish airport operator Aena for the upgrade of the Baggage Handling System (BHS) of 10 Spanish airports. These cover most of the airports in mainland Spain and the Canary Islands: La Palma, Santiago-Rosalía de Castro, Valencia, Asturias, Bilbao, Jerez, Reus, Lanzarote, Internacional Región de Murcia and Sevilla.
Aena manages 46 airports and two heliports in the country and has interests in another 23 airports in Europe and the Americas.
The works will be carried out in consortium with the construction company Cemosa.
WHAT THE FORMER FINMECCANICA WILL DO
The project involves the replacement of components for luggage transport, electromechanical, control, supervision and management equipment. The sorting systems will also be equipped with safety technology approved by the European Civil Aviation Conference (ECAC) updated to standard 3, including X-ray scanners and computed tomography. Leonardo's partner, Cemosa, will take care of the civil works and auxiliary systems.
The 10 airports will be modernized simultaneously within a maximum period of two years. Leonardo will guarantee the operational continuity of the baggage handling services for the entire duration of the upgrade works and, precisely for this reason, the company has carried out complex planning and coordination activities with the supply chain.
LEONARDO'S POSITION IN THE AUTOMATION SECTOR
"This result strengthens Leonardo's position in the baggage handling market, after having already carried out important work in several other European airports including Rome Fiumicino, Milan Malpensa and Bergamo, Zurich, Frankfurt, Geneva, Paris Orly, as well as in the Middle East and in the Asia Pacific area, including the international hubs of Kuwait and Hong Kong ”, underlines the press release of the company in Piazza Monte Grappa.
Thus, Leonardo's position in the Automation sector in Europe is consolidated.
WHAT WILL BECOME OF THE EX ELSAG
Yet, Leonardo intends to dispose of the Automation Business Unit, leader in automation for the logistics and airport sector.
This summer the employees of Leonardo Automazione in Genoa had demonstrated against the hypothesis of the sale of the civil unit endangering the employment of 400 employees out of the 1,200 total of the former Finmeccanica in the Ligurian capital.
However, in September during the Cernobbio Profumo forum he declared that Leonardo continues to work on the sale of Automation, underlining that it is a business that has never earned, but that has very valid technologies and that better owners could give it a future. positive.
In fact, Leonardo confirms the search for a partner with an industrial perspective, able to take over, over time, the Genoa Automation division of the company despite the bewilderment of the trade unions.
AUTUMN QUOTE FOR DRS?
Additionally, Leonardo is gearing up for a renewed attempt to list its Drs unit on Wall Street this fall. Reuters reported yesterday citing two sources close to the dossier. According to reports from Reuters , the aerospace group is aiming for the IPO of the US subsidiary by the autumn, if market conditions allow it, placing about 20%. The IPO project suspended in March envisaged the placement of 22-25% of Drs for a total income between 730 and 800 million for the parent company which would have kept between 75% and 78% of the American group in the defense sector.
Assuming that the ipo of Drs is proposed again under the same conditions as last summer, therefore "in the fork 20-22 dollars per share, with a market cap between 2.9 and 3.2 billion", according to the experts of Equita sim – reports Mf – the totality of the shares of Drs “would represent about 60% of Leonardo's current capitalization”.
PERFUME AT THE WARSAW SECURITY FORUM
Finally, today Leonardo's CEO, Alessandro Profumo, spoke at the Warsaw Security Forum.
"Poland is one of the four domestic markets for the Italian aerospace, defense and security group. The role of Leonardo as the" engine "of the development of the sector in Poland – said Profumo, in his speech – is evident, for example, by the significant presence in helicopter field through PZL-Swidnik, a company that we acquired in 2010 and that after ten years has been able to triple its revenues with over 80% exports from Poland to other countries ”.
Furthermore, “Through this industrial capacity, Poland is today one of the few countries in Europe with the complete capability of designing, developing, manufacturing and supporting helicopters. Leonardo is ready to maintain these capabilities and intends to remain a long-term partner of Poland through collaboration ”.
Leonardo's presence in Poland is significant: the country, among other things, is also the second export customer (after Israel) for the M-346 trainer aircraft, a program that also paves the way for the pilot training activity of the International Flight Training School created in collaboration between Leonardo and Aeronautica Militare.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/leonardo-tutte-le-novita-da-usa-spagna-e-polonia/ on Tue, 05 Oct 2021 14:41:35 +0000.