Leonardo SpA (MIL:LDO) is expanding its footprint: a confirmed 11‑helicopter order for Saudi The Helicopter Company (deliveries 2027–2028) could boost revenue and backlog, while new Lockheed Martin MRO tie‑ups across Europe/MENA and a fully operational 50/50 LBA Systems JV with Baykar in Italy enhance maintenance and sustainment capacity.
Previous Week Recap
- Leonardo Receives 11-Helicopter Order: Leonardo SpA (LDO) booked an 11‑helicopter order from Saudi operator The Helicopter Company, announced at Farnborough. Deliveries scheduled 2027–2028. Order could affect LDO revenue and backlog.
- Leonardo, Lockheed Expand C-130J MRO: Leonardo SpA partners with Lockheed Martin to expand C‑130J MRO across Europe and MENA; deal includes technical support, equipment and training to boost Italy’s maintenance and sustainment capacity.
- LBA Systems JV With Baykar Operational: Leonardo SpA (LDO) says LBA Systems JV with Baykar is fully operational; JV is 50/50 and based in Italy. Traders note ownership split, operational status and HQ location.
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