Leonardo Unveils Cúpula Michelangelo Defense Project, Focuses on Exports and Global Markets
Leonardo has launched the Cúpula Michelangelo project, aimed at enhancing integrated defense architecture for critical infrastructure protection. The company projects a turnover of €17.8 billion in 2024, with 72% derived from defense products and over 80% of sales coming from exports, primarily to the U.S. and U.K. The Italian government holds a 30.20% stake in the company, which is also expanding its military vehicle production through a joint venture with Rheinmetall.
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Leonardo, Italy's primary supplier of defense systems, introduced the Cúpula Michelangelo project, an integrated defense architecture for critical infrastructure protection. In 2024, the company anticipates a turnover of €17.8 billion, with 72% from defense products.
Exports comprise over 80% of sales, with domestic demand only 18%. The U.S. is its largest market at 26%, followed by the U.K. at 12% and other European countries at 26%. The Italian government holds a 30.20% stake in Leonardo.
The company employs over 60,000 people, with significant operations in Italy and Poland. Recent developments include a joint venture with Rheinmetall to produce new military vehicles and a commitment to the Italian defense sector, highlighted by a €1.7 billion acquisition of Iveco Defence Vehicles.
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