Story perspectives

Leonardo to Form Joint Venture with Saudi Fund by 2026

2/26/2026

Summary

Story summary

Leonardo, the Italian defense group, plans to sign a joint-venture agreement for its aerostructures unit by June 2026.
Negotiations have lasted over 14 months, and the partner may be Saudi Arabia's sovereign wealth fund.
Initially, the joint venture will be 50/50, and Leonardo may reduce its stake based on performance.
The venture aims to revive the loss-making unit, create jobs, and expand its product portfolio while current employment stays stable.

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Story summary

Leonardo, the Italian defense group, plans to sign a joint-venture agreement for its aerostructures unit by June 2026.
Negotiations have lasted over 14 months, and the partner may be Saudi Arabia's sovereign wealth fund.
Initially, the joint venture will be 50/50, and Leonardo may reduce its stake based on performance.
The venture aims to revive the loss-making unit, create jobs, and expand its product portfolio while current employment stays stable.