Capital/Financing Update • Dec 11, 2020
Capital/Financing Update
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| Informazione Regolamentata n. 0131-101-2020 |
Data/Ora Ricezione 11 Dicembre 2020 19:16:12 |
MTA | |
|---|---|---|---|
| Societa' | : | Leonardo S.p.A. | |
| Identificativo Informazione Regolamentata |
: | 140277 | |
| Nome utilizzatore | : | LEONARDON04 - Micelisopo | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 11 Dicembre 2020 19:16:12 | |
| Data/Ora Inizio Diffusione presunta |
: | 11 Dicembre 2020 19:16:14 | |
| Oggetto | : | fund Investments in technological development |
Leonardo: 200 million euros financing from the European Investment Bank in order to |
| Testo del comunicato |
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The loan, aimed at supporting sustainable growth over the long term, will be focused in four main areas: development of high-tech products, Cyber Security, Advanced Manufacturing and production efficiency
Rome, 11 December 2020 – Leonardo and the European Investment Bank (EIB) have signed a loan agreement of 200 million euros.
The financing has the purpose of supporting the investment projects planned in the Group's Industrial Plan against the background of the impact of the Covid-19 pandemic. This further loan by the EIB brings the investment support of the loan signed on 29 November 2018 from 300 to 500 million euros.
Alessandro Profumo, Leonardo Chief Executive Officer, commented that "This further financing agreement, in this scenario, is an important contribution in developing innovative products and technologies to increase our plants efficiency, optimization of our production systems and a strengthening of our competitiveness in the businesses where we operate."
The investments pursued by Leonardo are very closely aligned with the EIB's principles aimed at supporting development of Cyber Security products and solutions and Advanced Manufacturing as well as in innovative technologies that enable the decrease in emissions of pollutants through the product weight reduction and the improvement of fuel efficiency.
This is the third operation carried out between the EIB and Leonardo; the first of 500 million euros, in 2009, was aimed at developing technologically innovative aeronautical components; the second one of 300 million euros in 2018, to which is added the new contract signed today, aimed at supporting investment projects in four main areas: development of highly innovative products in the Helicopter Division, Cyber Security, Advanced Manufacturing (Industry 4.0) and infrastructure projects needed to increase the production efficiency of the plants.
Leonardo, a global high-technology company, is among the top ten world players in Aerospace, Defence and Security and Italy's main industrial company. Organized into five business divisions, Leonardo has a significant industrial presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries such as Leonardo DRS (defense electronics), and joint ventures and partnerships: ATR, MBDA, Telespazio, Thales Alenia Space and Avio. Leonardo competes in the most important international markets by leveraging its areas of technological and product leadership (Helicopters, Aircraft, Aerostructures, Electronics, Cyber Security and Space). Listed on the Milan Stock Exchange (LDO), in 2019 Leonardo recorded consolidated revenues of €13.8 billion and invested €1.5 billion in Research and Development. The Group has been part of the Dow Jones Sustainability Index (DJSI) since 2010 and is named as sustainability global leader in the Aerospace & Defence sector for the second year in a row of DJSI in 2020.
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