Why small guns have been critical to layered CUAS architectures
Multiple countries have been deploying small arms as the last line of drone defence due to their multiple operational and tactical advantages.
Leonardo signs new credit facilities to strengthen liquidity
Leonardo confirmed on 6 May that it has agreed a new €2 billion ($2.15 billion) credit facility from a number of international banks with the aim of strengthening liquidity and supporting its financial flexibility.
These credit facilities, along with existing credit lines provide a total liquidity value for the company of more than €5 billion and have a maturity of up to 24 months. There are no financial covenants.
Alessandro Profumo, CEO of Leonardo, said: ‘The new credit facilities represent further confirmation of Leonardo’s commitment to pursuing a disciplined financial strategy even in an exceptional period.’
He continued that: ‘Through this, we are further strengthening the Group’s liquidity and providing additional financial flexibility in the changed economic environment caused by the COVID-19 pandemic.’
The banking pool includes: Banca IMI, Banco BPM, BNP Paribas, Credit Agricole CIB, HSBC, NatWest, Société Générale and UniCredit.
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