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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.29 | -1.32% | 21.68 | 21.55 | 22.02 | 22.17 | 21.67 | 22.02 | 2,606,955 | 17:00:00 |
From Apr 2019 to Apr 2024
By Cecilia Butini
Leonardo SpA and BAE Systems Plc said Thursday that they have won a 317-million-pound ($420.6 million) contract to supply the U.K. Royal Air Force with radars for its Typhoon fighter jets.
The Italian aerospace-and-defense company and the British defense company said the contract is to develop Active Electronically Scanned Array radars to be used on RAF Typhoon planes, replacing mechanically-scanning radars currently in use at the air force.
The companies said the contract will sustain more than 600 highly-skilled jobs in the U.K., of which more than 300 at Leonardo's site in Edinburgh, 100 warfare specialists at the company's Luton site and 120 engineers at BAE Systems' Lancashire plant.
The radars, which are also defined as European Common Radar System Mark 2, will give Typhoon planes electronic warfare capability in addition to traditional radar functions, the companies said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
September 03, 2020 07:59 ET (11:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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