Leonardo’s Board of Directors, under the chairmanship of Stefano Pontecorvo, yesterday unanimously approved (see AVIONEWS) the update to the Industrial Plan for the 2026-2030 period. 

Today Leonardo is presenting to the financial community the update to the Industrial Plan to 2030, first announced in March 2024, including its medium-term targets.  

• The evolution 1 of financial KPIs forecasts, by 2030, orders at €32 billion (compared to €23.8 billion in 2025); revenues at €30 billion (compared to €19.5 billion in 2025); EBITA at €3.59 billion (compared to €1.75 billion in 2025); and FOCF at €2.06 billion (compared to €1.01 billion in 2025). 

• In the period 2026-2030, cumulative orders are expected to reach €142 billion (CAGR 2025-2030 +6.1%); cumulative revenues are expected to reach €126 billion (CAGR 2025-2030 +9%). 

• In the period, EBITA is expected to grow with a CAGR of 15.5% from 2025 to 2030; FOCF is expected to grow with a CAGR of 15.3% from 2025 to 2030. 

• The transition to a multinational One Company has been completed. By 2030, Leonardo aims to be a global security player, with cyber security, HPC, AI and data as its strategic pillars. 

• Michelangelo Dome is a tangible application of the Group’s industrial vision, enabling full interoperability and interconnection of technologies across all domains. The initiative is expected to unlock business opportunities estimated at €21 billion over the next ten years. 

• Leonardo is uniquely positioned to detect, track and neutralize conventional and new hybrid threats, thanks to a comprehensive portfolio of technological solutions. 

• A disciplined capital allocation strategy is in place to support both organic and inorganic growth, as well as increased shareholder remuneration. 

• Presentation today in Rome at 11:00am CET.

1) Not including Iveco Defence Vehicles consolidation.

“We have successfully met all the targets set out in our first Industrial Plan, exceeding all expectations. We now have platforms across every domain: land, space, naval and air, and we have invested heavily in digital technologies, AI and cybersecurity. Today we benefit from a competitive advantage that few others possess, enabling us to develop products and solutions capable of addressing future threats”, Roberto Cingolani, Chief Executive Officer and General Manager of Leonardo, commented. 

“The new Industrial Plan defines the Group’s trajectory through 2030, with the aim of further strengthening our role as a high-tech player in global security. Today, Leonardo presents itself to the market as a unique industrial player, reinforced by the recent launch of the Michelangelo Dome, tangible application of the Group’s multidomain vision that will contribute to the development of sovereign and interoperable capabilities. An integrated and open defence architecture designed to address a security environment in which threats are increasingly hybrid and require new, fully interconnected solutions". 

The integral version of the industrial plan (seven pages) is attached to this AVIONEWS.