Leonardo CEO confident group will exceed full-year financial goals

Core Insights - Leonardo is expected to exceed its financial goals for 2025 due to strong results in the first nine months of the year, with double-digit growth in orders, revenues, and core profit [1][2] - The company has not updated its guidance but remains confident in achieving its targets, particularly in orders, which are expected to fall within the previously set range [2][3] - The growth in results is attributed to a support and training contract for the Kuwaiti air force's Eurofighter program and increased revenues in the electronics and helicopter divisions [3] Orders and Financial Guidance - In July, Leonardo improved its guidance for 2025, estimating orders between 22.25 billion to 22.75 billion euros ($25.95 billion-$26.53 billion) [3] - CFO Alessandra Genco confirmed that the guidance for orders remains unchanged despite the non-linear nature of order inflow [2] Strategic Focus and Partnerships - Leonardo is increasingly focusing on the space industry, with stronger orders in its space businesses, including Telespazio, a joint venture with Thales [4] - The company recently reduced its stake in rocket maker Avio from just under 29% to just over 19%, indicating a strategic decision to avoid duplicating efforts in missile production [4][5] - Leonardo has benefited from rising European defense spending following Russia's invasion of Ukraine and has expanded through partnerships with companies like Rheinmetall and Baykar for drone technologies [6]