Revenue distribution by sectors:

• Aerospace: 40%
• Defense and Security: 35%
• Electronics: 15%
• Helicopters: 10%

TOP 3 markets and their percentage shares:

• Italy: 30%
• United States: 25%
• United Kingdom: 20%

Leonardo S.p.a. generates the majority of its revenue from the aerospace and defense and security sectors. These two areas are the main drivers for the company's business.

Italy remains the largest market for Leonardo, reflecting the company's strong presence and strategic importance in its home country. The United States and the United Kingdom are also significant markets, strengthened by international contracts and collaborations.

Production sites of Leonardo S.p.a.:

1. Italy: Headquarters and several production facilities, especially in Rome, Turin, and Venice.
2. United Kingdom: Production sites for helicopters and electronics.
3. USA: Plants for helicopters and electronic components.
4. Poland: Production site for helicopters.
5. Germany: Participation in electronics and defense projects.

Leonardo S.p.a. is a globally operating company with a strong focus on aerospace and defense technology. The production sites are strategically positioned in various countries to efficiently serve both local and international markets. Most of their production facilities are located in Italy, highlighting the importance of the domestic market. The international locations enable Leonardo to strengthen its global presence and address specific regional requirements.

Focus on Defense and Security Solutions: Increase investments in research and development.

Digitalization and Innovation: Introduction of new digital platforms and technologies.

International Expansion: Expansion of presence in strategic markets worldwide.

Leonardo S.p.a. pursues a growth strategy that strongly focuses on the development and expansion of defense and security solutions. The company is increasing its investments in research and development to offer innovative products and services that meet the changing requirements of global security markets.

Another key element of the strategy is digitalization and the adoption of new technologies. Leonardo is opting for the introduction of digital platforms to enhance efficiency and performance while simultaneously exploring new business opportunities.

Furthermore, the company aims for increased international expansion, particularly in markets with high growth potential. Through strategic partnerships and local collaborations, Leonardo seeks to expand its market presence and attract new customers.

Main raw materials: Aluminum, titanium, composite materials
Main supplying countries: USA, China, Russia, Germany

Leonardo S.p.a., a leading company in the aerospace industry, imports a variety of raw materials necessary for the production of aircraft and other high-tech products. Aluminum and titanium are essential materials that are frequently used due to their lightness and strength. These metals are mainly sourced from the USA and Russia.

Composite materials, known for their high strength and lightness, are also imported, with the USA and Germany being important suppliers. These materials are crucial for the production of aircraft parts that need to be both light and durable.

The dependence on these imports highlights the importance of a diversified supply chain to minimize risks from geopolitical tensions or trade restrictions.

Market share in the defense sector: 4.5% (2024)

Research and development expenses: 1.5 billion euros (2024)

Leonardo S.p.a. has a significant competitive advantage in the defense and aerospace sector, supported by its strong market position and continuous investments in research and development. With a market share of 4.5% in the global defense sector, the company positions itself as one of the leading providers in Europe.

The high expenditures on research and development, which amounted to approximately 1.5 billion euros in 2024, enable Leonardo to develop innovative technologies and continuously improve its product range. This strengthens its competitiveness against other major players in the industry.

In addition, Leonardo benefits from strategic partnerships and a diversified product line, allowing the company to flexibly respond to market changes and seize new business opportunities.

Institutional investor share: approx. 60% (estimated, 2025)
Insider purchases/sales: No significant transactions in the last year (2024)

The institutional investor share in Leonardo S.p.a. is estimated to be around 60%. This demonstrates the confidence of large investors in the company's stability and growth potential. Institutional investors typically include pension funds, investment funds, and other major financial institutions.

In 2024, there were no significant insider purchases or sales, indicating a stable assessment of the company's value by management and other insiders. Such transactions are often seen as indicators of the company's future performance, and the absence of significant movements suggests a stable internal confidence.

Market Share Leonardo S.p.a.: Estimate 6-8% (2025)

Main Competitors and their Market Shares:

1. Lockheed Martin: 12-14%
2. Boeing Defense, Space & Security: 10-12%
3. BAE Systems: 8-10%
4. Raytheon Technologies: 7-9%
5. Northrop Grumman: 6-8%
6. Leonardo S.p.a.: 6-8%
7. General Dynamics: 5-7%
8. Thales Group: 4-6%
9. Airbus Defense and Space: 4-6%
10. Saab AB: 3-5%

Leonardo S.p.a. is a significant player in the aerospace and defense industry with an estimated market share of 6-8%. The company competes with some of the biggest names in the industry, each holding significant market shares.

Leonardo S.p.a.'s moat mainly consists of its strong position in Europe, expertise in helicopters and electronic systems, and its ability to offer integrated solutions. These strengths provide some protection against competitors, especially in specialized markets.

However, compared to its competitors, Leonardo does not have as pronounced a moat as Lockheed Martin or Boeing, which benefit from massive defense contracts and technological innovations. Companies like Raytheon and Northrop Grumman also have strong positions in specific segments that give them a competitive advantage.

Overall, Leonardo S.p.a. has a solid but not insurmountable moat. The competitive advantage could be further strengthened through strategic partnerships and innovations to compete against the major competitors.

Revenue growth: 7.5% (2024)
EBITDA growth: 6.8% (2024)
Order backlog: 38 billion euros (2024)

Leonardo S.p.a. recorded a revenue growth of 7.5% in 2024, attributed to strong demand in the aerospace and defense sectors. The EBITDA growth of 6.8% indicates that the company has good control over its operating costs and operates efficiently.

The order backlog of 38 billion euros provides a solid foundation for future growth and demonstrates that the company has a strong pipeline of future projects. This is particularly important in the defense and aerospace industry, where long-term contracts and projects are crucial.

In summary, Leonardo S.p.a., due to its solid revenue and EBITDA growth as well as a robust order backlog, represents a potentially attractive investment. However, investors should also consider external factors such as geopolitical risks and technological developments in the industry.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Continuous distribution in recent years

Leonardo S.p.a. has regularly distributed dividends to its shareholders in recent years. The dividend yield for 2025 is estimated to be around 3.5%, based on the latest financial reports and analyst estimates.

The reliability of Leonardo S.p.a.'s dividend payment is supported by the company's stable financial performance. In recent years, Leonardo has been able to continuously increase its revenues and profits, providing a solid foundation for its dividend policy. The strategic focus on expanding the defense and aerospace segments also contributes to the stability of the distributions.