Leonardo reports ‘strong’ performance in 2019

31 January 2020

Leonardo had a ‘strong’ performance in 2019, meeting or exceeding its financial goals for the year, according to the Italy-based defence and aerospace manufacturer.

An initial review by Leonardo’s board of directors found that the company’s main businesses performed “very well” last year, including in the “important fourth quarter”, Leonardo said on 30 January. Those results offset weakness in Leonardo’s ATR turboprop aircraft manufacturing joint venture with Airbus and its Space Manufacturing joint venture with Thales.

Orders and revenue for 2019 are now expected to exceed Leonardo’s earlier estimates of EUR12.5 to EUR13.5 billion (USD13.8 to USD14.9 billion) and EUR12.5 to EUR13 billion, respectively, Leonardo said.

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