Army Technology Excellence Awards and Rankings 2022 – The Verdict
Leonardo is an Italian headquartered defence corporation that is ranked for BUSINESS EXPANSION and M&A in the 2022 Army Technology Excellence Rankings.
The company and its subsidiaries have been actively acquiring assets to enhance its portfolio including completing the acquisition of a 25.1% stake in the German defence technology company Hensoldt for a cash purchase price of approximately $689m (€606m).
The company’s US arm Leonardo DRS also acquired gimbals producing company Ascendant Engineering Solutions (AES) for an undisclosed consideration.
The company also secured a number of notable contract wins during the research period including from the US Army to produce advanced infrared (IR) machinegun weapon sights with automatic targeting and a $29m contract to deliver new AW119Kx helicopters to Israel.
The company also partnered with Collins Aerospace to provide the Australian Defence Force (ADF) with Type 163 laser target designators (LTDs). The product is a lightweight, compact, high-energy laser targeting system, designed for deployment with the land
The company’s US arm has also been active and Leonardo DRS secured a contract for the next generation of US Army mission command computing systems known as the Mounted Family of Computer Systems (MFoCS) II.
“The company and its subsidiaries have been actively acquiring assets to enhance its portfolio including completing the acquisition of a 25.1% stake in the German defence technology company Hensoldt”
Leonardo develops multi-domain capabilities in the Aerospace, Defence and Security sector.
The company plays a prominent role in major international strategic programmes and is a trusted technological partner of governments, defence agencies, institutions and enterprises. Innovation, continuous research, digital manufacturing and sustainability are the cornerstones of Leonardo’s business worldwide.