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LDO Leonardo SpA

21.76
0.34 (1.59%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Leonardo SpA BIT:LDO Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.34 1.59% 21.76 21.65 21.70 21.94 21.19 21.58 3,006,704 17:00:00

Fincantieri, Leonardo Venture Wins EUR925 Million Contract for Italian Navy Patrol Vessels

31/07/2023 6:40pm

Dow Jones News


Leonardo (BIT:LDO)
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By Mauro Orru

 

Orizzonte Sistemi Navali, a joint venture between Fincantieri and Leonardo, signed a contract to build three patrol vessels for the Italian Navy for 925 million euros ($1.02 billion).

The two Italian companies said Monday that the contract, signed with the Italian Secretariat General of Defense and National Armaments Directorate, has options for a further three vessels as well as infrastructural upgrades for naval bases in Augusta, Cagliari and Messina.

Fincantieri and Leonardo respectively hold 51% and 49% stakes in the joint venture.

 

Write to Mauro Orru at mauro.orru@wsj.com

 

(END) Dow Jones Newswires

July 31, 2023 13:25 ET (17:25 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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