Tag #Leonardo

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elmundo.es

🌐 75% Global Worthiness

Aug 31, 13:16

Iveco Sells Commercial Vehicle and Defense Divisions for €5.5 Billion

Italian truck maker Iveco sold its commercial vehicle division to India's Tata Motors for €3.8 billion and its defense division to Italy's Leonardo for €1.7 billion, a deal expected to close in the first quarter of 2026.

Iveco Sells Commercial Vehicle and Defense Divisions for €5.5 Billion

Italian truck maker Iveco sold its commercial vehicle division to India's Tata Motors for €3.8 billion and its defense division to Italy's Leonardo for €1.7 billion, a deal expected to close in the first quarter of 2026.

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How does this sale fit into Iveco's broader strategic trajectory?

This sale follows Iveco's 2021 failed attempt to sell to FAW Jiefang, blocked by the Italian government. After separating from CNH Industrial in 2022, Iveco strategically sold its fire truck division in 2024 and is now divesting its defense and commercial vehicle arms to focus its remaining business.

tr.euronews.com

🌐 85% Global Worthiness

Mar 7, 01:11

Baykar and Leonardo Partner to Produce Armed UAVs in Italy

Turkish drone maker Baykar and Italian defense giant Leonardo announced a five-year partnership on Thursday to jointly manufacture armed UAVs in Italy, combining their expertise in drone technology and aerospace systems, extending their collaboration to space technologies.

Baykar and Leonardo Partner to Produce Armed UAVs in Italy

Turkish drone maker Baykar and Italian defense giant Leonardo announced a five-year partnership on Thursday to jointly manufacture armed UAVs in Italy, combining their expertise in drone technology and aerospace systems, extending their collaboration to space technologies.

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Industry, Innovation, and Infrastructure

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How will this collaboration impact the development and deployment of AI-powered UAV technologies?

This partnership merges Baykar's leading drone technology with Leonardo's expertise in systems integration and certification, potentially creating a dominant force in the European UAV market projected to reach \$100 billion in the next decade. The collaboration leverages both companies' existing capabilities in AI, C4I systems, and space technologies.

bbc.com

🌐 85% Global Worthiness

Mar 20, 22:10

UK Develops World-First Autonomous Helicopter for Royal Navy

Leonardo Helicopters UK in Yeovil is building the Proteus, a world-first autonomous helicopter for the Royal Navy, designed to perform independent missions such as dropping sonar buoys, minimizing human risk in dangerous tasks.

UK Develops World-First Autonomous Helicopter for Royal Navy

Leonardo Helicopters UK in Yeovil is building the Proteus, a world-first autonomous helicopter for the Royal Navy, designed to perform independent missions such as dropping sonar buoys, minimizing human risk in dangerous tasks.

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Peace, Justice, and Strong Institutions

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What is the primary function and significance of the autonomous helicopter Proteus being developed by Leonardo Helicopters UK for the Royal Navy?

Engineers at Leonardo Helicopters UK in Yeovil are developing the Proteus, an autonomous helicopter for the Royal Navy. This helicopter is designed to fly without a human pilot, performing missions such as dropping sonar buoys, thus reducing risk to human life. Unlike previous remotely piloted helicopters, Proteus will operate completely independently.

repubblica.it

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Feb 7, 13:10

Iveco to Spin Off Defense Sector

Iveco Group announced plans to potentially spin off its defense division, Iveco Defence Vehicles (IDV), in 2025, citing differing market trends and a desire to simplify its structure, following a year where the company recorded €15.28 billion in revenue and an adjusted net income increase of €181 mi...

Iveco to Spin Off Defense Sector

Iveco Group announced plans to potentially spin off its defense division, Iveco Defence Vehicles (IDV), in 2025, citing differing market trends and a desire to simplify its structure, following a year where the company recorded €15.28 billion in revenue and an adjusted net income increase of €181 mi...

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What factors are driving Iveco's consideration of this spin-off, and what are the potential consequences for Iveco and its stakeholders?

The decision reflects differing market trends in commercial vehicles and defense. Iveco's 2024 revenue was €15.28 billion, with adjusted net income up €181 million year-on-year. IDV's separation would likely involve its brands (IDV and Astra) and related activities; Leonardo's interest in the sector is well-established, adding further context to the spin-off.

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