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Leonardo hails H1 results and eyes continued benefits from FCAS

30th July 2021 - 11:00 GMT | by Harry Lye in London

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Leonardo's AW101 helicopter. (Photo: Leonardo.)

Italian defence contractor Leonardo claimed a good first half of 2021, with military sales counteracting a decline in its civil aerostructures business hit by COVID-19.

Leonardo saw its pre-tax earnings rise by 37% year on year to €400 million ($475.9 million) in H1 2021, and the Italian aerospace and defence group confirmed its full-year guidance on 29 July.

The strong performance of its military and government work contributed to revenues of €6.3 billion, up 7.9% on H1 2020. On the same basis, order intake also rose by 9.5% to €6.7 billion.

Commenting on the results, Leonardo CEO Alessandro Profumo said: 'First half 2021 results are solid, and we are back on a sustainable growth path. Our commercial activity has been intensive ...

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