ROME – Leonardo (NASDAQ: DRS) and France’s Airbus are discussing ways to strengthen collaborations and industrial synergies, the Italian defense group’s chief executive said on Friday.
“There are many potential synergies between Airbus and Leonardo in different sectors,” Chief Executive Roberto Cingolani told financial daily Il Sole 24 Ore in an interview. “Our technical teams are working to see how to strengthen collaborations and industrial synergies.”
In mid-July, Cingolani had said the state-controlled group was working with Airbus and Thales on a joint strategy for the space sector.
(Source: Reuters)
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
