Leonardo Spa · MIL:LDO
Leonardo Spa — Investor Presentation (March 2026)
39 slides from Leonardo Spa's investor presentation, Mar 12, 2026
Slide 1: Annex: Leonardo Industrial Plan 2026 Update (2026-2030) Details
Annex: Leonardo Industrial Plan 2026 Update (2026-2030) Details R o m e , M a r c h 1 2 th 2 0 2 6 Please avoid printing this colourful slide. Let’s save the planet together.
Slide 2: Defence Electronics, Helicopters, Aeronautics, Cyber & Security, Space
Defence Electronics Helicopters Aeronautics Cyber & Security Space Please avoid printing this colourful slide. Let’s save the planet together.
Slide 3: Defence Electronics
Defence Electronics Helicopters Aeronautics Cyber & Security Space Please avoid printing this colourful slide. Let’s save the planet together.
Slide 4: Electronics Division Overview
ELECTRONICS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Electronics Division Overview Electronics Excluding DRS, MBDA and Hensoldt Sensing. Connecting. Informing. Effecting. Protecting. We strengthen the security of our Domestic nations and their Allies by Systems of
Slide 5: Electronics - Key achievements in the last 3 years
ELECTRONICS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Electronics - Key achievements in the last 3 years Completed On-going KEY ACHIEVEMENTS 2023 - 2025 PRODUCT & PROCESS DIGITALIZATION New Products Strong evolution towards fully digital radar architectures:
Slide 6: Electronics - Our strategy looking forward
ELECTRONICS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Electronics - Our strategy looking forward STRATEGIC GOALS MEDIUM – LONG TERM STRATEGIC ACTIONS • Land: A2CS1, MBT2, integrated CEMA & vehicle protection solutions Position - Catalysts for Growth: • Naval: be glo
Slide 7: Leonardo DRS - Company Overview
Defence Electronics Helicopters Aeronautics Cyber & Security Space DRS Leonardo DRS - Company Overview Agile and Innovative Critical Defense Technology Provider and Systems Integrator 2025 Adjusted Founded in: Headquarters: Employees: 2025 Revenue (1): Ticker: EBITDA (1)(2): DRS 1969 Arlington, VA ~
Slide 8: Leonardo DRS Locations
Defence Electronics Helicopters Aeronautics Cyber & Security Space DRS Leonardo DRS Locations Dallas, TX Johnstown, PA Infrared Foundry & Sensors Computing Electronics Manufacturing St. Louis, MO Fitchburg, MA Land Systems Engineering & Integration Electronic & Hybrid Electric Drive Menomonee Falls,
Slide 9: Leonardo DRS - Capabilities and Technologies
Defence Electronics Helicopters Aeronautics Cyber & Security Space DRS Leonardo DRS - Capabilities and Technologies Key Advanced Network Force Electric Power Technology Sensing Computing Protection & Propulsion Areas1 33% 23% 21% 23% SIGINT & Multi- Integrated Platform Mission Applications Intellige
Slide 10: Representative Platforms with DRS Content
Defence Electronics Helicopters Aeronautics Cyber & Security Space DRS Representative Platforms with DRS Content Platform-agnostic Critical Defense Technology Provider Naval Columbia Virginia Arleigh Burke Ticonderoga LCS CVN LPD LHA Ground Bradley AMPV Abrams Stryker Dismounted Patriot XM-30 MPF Ai
Slide 11: Leonardo DRS - Key Achievements in the Last Years
Defence Electronics Helicopters Aeronautics Cyber & Security Space DRS Leonardo DRS - Key Achievements in the Last 3 Years KEY ACHIEVEMENTS 2023 - 2025 Space sensors and crypto module NEW PRODUCTS & RATIONALIZATION Continued investment in advanced manufacturing and DIGITALIZATION SAGEcore AI s
Slide 12: Leonardo DRS - Our Strategy Looking Forward
Defence Electronics Helicopters Aeronautics Cyber & Security Space DRS Leonardo DRS - Our Strategy Looking Forward STRATEGIC GOALS MEDIUM – LONG TERM STRATEGIC ACTIONS ▪ Maintain and grow market leadership positions across advanced sensing, Grow Market Leadership network computing, force protection
Slide 13: Defence Electronics - Facts and figures
DEFENCE Defence Electronics Helicopters Aeronautics Cyber & Security Space ELECTRONICS Defence Electronics - Facts and figures Defence Electronics Financials (estimated values for 2026 and beyond), €Bn NOT TO SCALE ORDERS REVENUES EBITA BACKLOG ROS 19.3 21.7 23.5 24.8 26.0 26.9 12.9% 13.3% 13.9% 14.
Slide 14: Helicopters
Defence Electronics Helicopters Aeronautics Cyber & Security Space Please avoid printing this colourful slide. Let’s save the planet together.
Slide 15: Helicopters Division Overview – Product Portfolio
HELICOPTERS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Helicopters Division Overview – Product Portfolio Our technologically advanced products include dual-use and specialized helicopters across all weight classes. WEIGHT LIGHT LIGHT LIGHT MEDIUM 0,5t 3,2t 5t INTERME
Slide 16: Helicopters Division Overview – Customer Base
HELICOPTERS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Helicopters Division Overview – Customer Base Commercial Applications Leonardo Helicopters civil product range is uniquely suited Executive EMS Rescue Search & Police Oil & Gas Utility Private Services Rescue Sec
Slide 17: Helicopters - Key achievements in the last 3 years
HELICOPTERS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Helicopters - Key achievements in the last 3 years Completed On-going KEY ACHIEVEMENTS 2023 - 2025 AW09 PRODUCT & PROCESS DIGITALIZATION Certification program in execution now approaching type certificate,
Slide 18: Helicopters - Our strategy looking forward
HELICOPTERS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Helicopters - Our strategy looking forward STRATEGIC GOALS MEDIUM – LONG TERM STRATEGIC ACTIONS Industrial model optimization ▪ Scale industrial capacity across the whole value chain (Engineering, supply chain, m
Slide 19: Helicopters - Facts and figures
HELICOPTERS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Helicopters - Facts and figures Helicopters NOT TO SCALE Financials (estimated values for 2026 and beyond), €Bn ORDERS REVENUES EBITA BACKLOG ROS 15.0 15.8 16.2 16.5 16.9 17.4 9.0% 9.2% 9.5% 9.8% 10.0% 10.2% +4.0
Slide 20: Aeronautics
Defence Electronics Helicopters Aeronautics Cyber & Security Space Please avoid printing this colourful slide. Let’s save the planet together.
Slide 21: Aeronautics Division Overview - Aircraft & Services BU
AIRCRAFT & Defence Electronics Helicopters Aeronautics Cyber & Security Space SERVICES BU Aeronautics Division Overview - Aircraft & Services BU PLATFORMS AND SERVICES PORTFOLIO FOOTPRINT Caselle Venegono Member of the consortium Strategic Partner Services Final Assembly of Center of Excellence Comb
Slide 22: Aeronautics Division Overview – Aerostructures BU
A E R O S T R U C T U R E S Defence Electronics Helicopters Aeronautics Cyber & Security Space B U Aeronautics Division Overview – Aerostructures BU PLATFORMS AND SERVICES PORTFOLIO FOOTPRINT • Development, design and manufacturing, in single source, of Center Boeing 787 Fuselage sections 44 & 46 tr
Slide 23: Aeronautics - Key achievements in the last 3 years
AERONAUTICS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Aeronautics - Key achievements in the last 3 years Completed On-going KEY ACHIEVEMENTS 2023 - 2025 Eurofighter: secured long-term customer commitment from Partners’ nations and new export clients, upgrades
Slide 24: Aeronautics - Our Strategy Looking Forward
AERONAUTICS Defence Electronics Helicopters Aeronautics Cyber & Security Space DIVISION Aeronautics - Our Strategy Looking Forward STRATEGIC GOALS MEDIUM – LONG TERM STRATEGIC ACTIONS COMBAT ▪ Evolutionary Air Power will require crewed fighters (i.e. EFA, GCAP Core 1 From partner in 4th /5th generat
Slide 25: Update on Aerostructure Partnership
A E R O S T R U C T U R E S Defence Electronics Helicopters Aeronautics Cyber & Security Space B U Update on Aerostructure Partnership Q4 2024 • Internal Due Diligence on Aerostructures BU and development of New Industrial Plan Q1 2025 • Partner’s engagement and due diligence on Leonardo Establish a
Slide 26: Aeronautics - Facts and figures: Aircraft & Services BU
AIRCRAFT & Defence Electronics Helicopters Aeronautics Cyber & Security Space SERVICES BU Aeronautics - Facts and figures Aeronautics Financials (estimated values for 2026 and beyond), €Bn Aircraft & Services BU NOT TO SCALE ORDERS REVENUES EBITA1 BACKLOG ROS 9.5 10.5 11.1 11.7 11.8 11.9 12.8% 12.7%
Slide 27: Aeronautics - Facts and figures: Aerostructures BU
A E R O S T R U C T U R E S Defence Electronics Helicopters Aeronautics Cyber & Security Space B U Aeronautics - Facts and figures Aeronautics Financials (estimated values for 2026 and beyond), €Bn Aerostructures BU NOT TO SCALE ORDERS REVENUES EBITA1 BACKLOG ROS 1.2 1.3 1.3 1.4 1.5 1.5 -18% -6.6% -
Slide 28: Cyber & Security
Defence Electronics Helicopters Aeronautics Cyber & Security Space Please avoid printing this colourful slide. Let’s save the planet together.
Slide 29: Cyber & Security Division Overview
C Y B E R & S E C U R I T Y Defence Electronics Helicopters Aeronautics Cyber & Security Space D I V I S I O N Cyber & Security Division Overview Securing data in mission critical operations across all domains powered by secure, sovereign digital platforms: CRITICAL LAW ENFORCEMENT & DEFENCE SPACE S
Slide 30: Cyber & Security - achievements in the last 3 years
C Y B E R & S E C U R I T Y Defence Electronics Helicopters Aeronautics Cyber & Security Space D I V I S I O N Cyber & Security - achievements in the last 3 years Completed On-going KEY ACHIEVEMENTS 2023 - 2025 Portfolio reshaped to focused distinctive Products and Platforms: Anticipated € +1B
Slide 31: Cyber & Security - Our strategy looking forward
C Y B E R & S E C U R I T Y Defence Electronics Helicopters Aeronautics Cyber & Security Space D I V I S I O N Cyber & Security - Our strategy looking forward STRATEGIC GOALS MEDIUM – LONG TERM STRATEGIC ACTIONS ▪ Consolidate Leonardo Multi-Agentic cyber defense platform as European-leader CYBER SEC
Slide 32: Cyber & Security - Facts and figures
C Y B E R & S E C U R I T Y Defence Electronics Helicopters Aeronautics Cyber & Security Space D I V I S I O N Cyber & Security - Facts and figures Cyber & Security NOT TO SCALE Financials (estimated values for 2026 and beyond), €Bn ORDERS REVENUES EBITA BACKLOG ROS 1.3 1.6 1.9 2.2 2.4 2.8 10% 10.2%
Slide 33: Space
Defence Electronics Helicopters Aeronautics Cyber & Security Space Please avoid printing this colourful slide. Let’s save the planet together.
Slide 34: Space Division Overview – Key products/capabilities and Customers
Defence Electronics Helicopters Aeronautics Cyber & Security Space SPACE DIVISION Space Division Overview – Key products/capabilities and Customers Payload / Platforms/ In Orbit Infra / Tugs Sensors / Equipment Satellites / Service Leonardo CUSTOMER SEGMENTS Space Division INSTlTUTIONAL Leading edge
Slide 35: Space - Key achievements in the last years
Defence Electronics Helicopters Aeronautics Cyber & Security Space SPACE DIVISION Space - Key achievements in the last 3 years KEY ACHIEVEMENTS 2023 - 2025 New value proposition with the Space Division Cutting-edge digital capabilities and AI boost, to provide PRODUCT & PROCESS establishment as
Slide 36: Space - Our vision looking forward
Defence Electronics Helicopters Aeronautics Cyber & Security Space SPACE DIVISION Space - Our vision looking forward STRATEGIC GOALS MEDIUM – LONG TERM STRATEGIC ACTIONS Earth Observation /Geo Info Consolidate our role as ▪ Develop Leonardo Constellation commercial and business potential (services,
Slide 37: The Leonardo Earth Observation constellation
Defence Electronics Helicopters Aeronautics Cyber & Security Space SPACE DIVISION The Leonardo Earth Observation constellation ARCHITECTURAL AND TECHNOLOGY KEYS High Revisit all time all weather to provide high temporal resolution with best leverage of state-of-art radar technologies and competitive
Slide 38: Space - Facts and figures
Defence Electronics Helicopters Aeronautics Cyber & Security Space SPACE DIVISION Space - Facts and figures Space NOT TO SCALE Financials (estimated values for 2026 and beyond), €Bn ORDERS REVENUES EBITA1 BACKLOG ROS 1.7 2.1 2.5 3.0 3.3 3.4 8.1% 8.1% 9.2% 9.9% 10% 10.4% 1.7 -22.9% +20.7% 2.7 2.5 2.5
Slide 39: Thank you for your attention
Thank you for your attention Please avoid printing this colourful slide. Let’s save the planet together. 39 © 2026 Leonardo - Società per Azioni