Leonardo’s Board of Directors, chaired by Stefano Pontecorvo, approved the update of the 2026-2030 industrial plan, outlining a trajectory that aims to consolidate the Group as a high-tech player in global security.
And the stock exchange welcomed the new business plan with confidence, with Leonardo shares recording a sensational leap on the morning of Thursday 12 March: from the opening at 57.12 euros they jumped above 66 euros at 11:00.
Leonardo updates the 2026-2030 Business Plan
As reported in a note, under the leadership of CEO Roberto Cingolani, the company is evolving towards a multinational One Company, integrating cybersecurity, artificial intelligence and high performance computing as strategic pillars.
The group has strengthened its structure through:
- rationalization of the business portfolio;
- launch of new products;
- international partnerships and joint ventures;
- targeted acquisition and digitization operations;
- increase in production capacity.
This process has allowed the company to present itself on the global market with a more solid industrial structure and ready to seize the opportunities of a rapidly evolving sector. The international context is in fact changing rapidly: the spread of hypersonic missiles, ballistic launchers, drones and large-scale cyber attacks increases the complexity of the global scenario. In this framework, security no longer concerns only traditional defense, but directly involves infrastructure and key sectors of the economy.
The evolution of financial KPIs predicts significant growth in all parameters by 2030. As regards orders, there is talk of a target of 32 billion euros (compared to the 23.8 billion euros estimated for 2025). On the revenue front, the target is 30 billion euros (against 19.5 billion in 2025) with a CAGR of 9%.
As regards Ebita, it is expected to reach 3.59 billion euros, with profitability more than doubling compared to 2025. On the Focf front, the cash flow is expected to double to 2.06 billion euros by 2030. In the five-year period 2026-2030, Leonardo expects cumulative orders of 142 billion euros.
The central element of the plan is the Michelangelo Dome, a digital platform that enables full interoperability between the air, land, sea, space and cyber domains. This open architecture leverages artificial intelligence and the cloud to neutralize hybrid threats, from hypersonic missiles to drone swarms. The initiative will unlock business opportunities estimated at 21 billion euros over the next ten years.
Hiring at Leonardo
The plan includes a massive hiring plan: 28,000 new hires between 2026 and 2030, bringing the total workforce to 75,500 resources. The Group focuses on young people (55% under 30) and on STEM profiles (70%). On the sustainability front, commitments towards the Science Based Targets initiative for decarbonisation and new targets for the circularity of critical materials are confirmed.
Strategy for business areas
The strategy for the various business areas was then revealed. As regards electronics, the aim is for an EBITA growth of 12.1%, acting as an engine for the Michelangelo Dome. Record growth is expected in the space area (Ebita +26.4%) with the aim of creating the largest European player through the “Bromo” joint venture with Airbus and Thales. In the cyber area, an increase in revenues of 14.5% is expected. for aerostructures, EBITA breakeven is confirmed in 2028.
Finally, Leonardo announced a richer dividend policy, with a 21% increase in the dividend paid in 2026, maintaining rigorous financial discipline aimed at reducing debt.
This is the comment of Roberto Cingolani, CEO and general manager of Leonardo:
We have achieved everything we had planned in the first Industrial Plan, beyond all expectations. We have all platforms, from terrestrial to space, naval, air domain. We have invested heavily in digital, AI and cybersecurity. Today we can count on a competitive advantage that few have and we are able to develop products and solutions to respond to future threats. The new Industrial Plan defines the Group’s trajectory to 2030, looking at a greater consolidation of the role of high-tech player in global security. Leonardo presents itself to the markets today as a unique industrial reality, strengthened by the recent launch of the Michelangelo Dome, a concrete application of the Group’s multi-domain vision which will contribute to the construction of sovereign and interoperable capabilities. An integrated and open defense architecture, designed to respond to a scenario in which security threats are increasingly hybrid and require new and fully interconnected solutions.
