Leonardo: “Eurofighter Kuwait Program Progressing in Line with Contract”

File Photo: Kuwait Air Force’s Eurofighter Typhoon27.01.2022 Europe
Leonardo: “Eurofighter Kuwait Program Progressing in Line with Contract”

Leonardo: “Eurofighter Kuwait Program Progressing in Line with Contract”

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As a result of some rumors, Leonardo intends to clarify that the Eurofighter Kuwait program is progressing in line with expectations and with success in terms of deliveries, contractual milestones and cash collections.

In December 2021, the first two aircrafts have been delivered and the others will follow as per plan. Our contractual relationship with Kuwait has always been based on the principles of maximum transparency as well as full fairness and it is regulated by a contract signed as part of a broader relationship between the institutions and the aeronautics of the two countries. Leonardo has no evidence of issues and every single transaction is promptly subject to procedures and adequacy checks.

Finally, it is clarified that Leonardo is not the subject of an investigation in relation to the Kuwait program.

Leonardo, a global high-technology company, is among the top world players in Aerospace, Defense and Security and Italy’s main industrial company. Organized into five business divisions, Leonardo has a significant industrial presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries that include Leonardo DRS (defense electronics), and joint ventures and partnerships: ATR, MBDA, Telespazio, Thales Alenia Space and Avio.

Leonardo competes in the most important international markets by leveraging its areas of technological and product leadership (Helicopters, Aircraft, Aerostructures, Electronics, Cyber Security and Space).

Listed on the Milan Stock Exchange (LDO), in 2020 Leonardo recorded consolidated revenues of €13.4 billion and invested €1.6 billion in Research and Development. The company has been part of the Dow Jones Sustainability Indices (DJSI) since 2010 and has been confirmed among the global sustainability leaders in 2021. Leonardo is also included in the MIB ESG index. 

 
 
 



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