Italian company Leonardo released a new Industrial Plan covering 2018-22 on 30 January, outlining the company’s main goals for the next four years.
A key part of the plan involves a pledge to rectify what it identifies as “temporary issues” it had with its helicopter division that led to lower profitability than expected in 2017, which will help contribute to a target of 10% growth by 2020.
Identifying that the “high single-digit growth” that the rotorcraft business achieved in 2017 was below par in comparison to the 11.8% achieved in 2016, Leonardo claims that it has a strong rotorcraft product line that sits in the weight classes and end user segments it deems important, but the way the division was ran contributed to delays in production.
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