Leonardo outlines its Five Year Plan for European leadership
Leonardo's new five year plan will set the company up as a leader in European defence electronics. (Image: Leonardo)
Leonardo has released its five-year growth and development plan in order to position itself as a European leader in defence electronics.
Leonardo will invest €200 million annually in Italy, among other efforts, as part of its five-year growth and development plan, which promises significant investment in the Italian defence industry.
Leonardo aims to achieve significant growth as a result of greater competitiveness, with improvements to production lines, logistics and supply chains.
There will be a focus on product innovation, supported by the unification of the company’s open innovation network, including public-private agreements with universities, research centres and Italian state-run technical and industrial institutions
The plan will see Leonardo invest €200 million in the Italian Industry annually, €100 million in the UK division and an additional €50 million for the first three years to optimise the company’s sites in Italy.
The key to the company’s strategy will be the ‘Factory of the Future’ intelligent factory model.
The ‘Factory of the Future’ incorporates Industry 4.0 and Digital Manufacturing systems, including robotics and new IT systems, to ensure more efficient and sustainable production.
The development of Leonardo’s production function will mean that the company’s 18 Italian centres of advanced technology will be able to manage its technology portfolio throughout the entire value creation chain.
More from Defence Notes
-
![How UAE defence giant EDGE Group plans to double its exports]()
How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
-
![US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness]()
US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
-
![Can the US overcome Russian and Chinese nuclear capabilities?]()
Can the US overcome Russian and Chinese nuclear capabilities?
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
-
![US FY2024 funding package passes as China closes military capability gap]()
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
![NATO outlines future challenges as Ukrainian funding from US stalls]()
NATO outlines future challenges as Ukrainian funding from US stalls
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
-
![US Pentagon to reduce investments in main acquisition programmes over FY2025]()
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
