Leonardo stock highlights a EUR 3.7 billion naval contract

Published on 10/03/2026 at 23:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Leonardo stock was last at EUR 47.39 on October 2, 2026, while H1 orders reached EUR 16 billion. A EUR 1.7 billion Leonardo naval contract adds industrial visibility.

Architektonisches Render eines modernen Glas- und Stahl-Firmencampus in der Dämmerung — Architektur-Render zeigt modernen Firmencampus von Leonardo S.p.A. (IT0003856405) im Luftfahrt- und Rüstungssektor, Illustration mit AI erstellt.

Leonardo stock (ISIN IT0003856405) was last at EUR 47.39 on Euronext Milan on October 2, 2026 at 5:35 p.m. CEST, down 0.86 percent from the previous session. The central business event is a naval defense contract that assigns EUR 1.7 billion of value to Leonardo.

Naval contract adds EUR 1.7 billion

According to Leonardo on September 24, 2026, Orizzonte Sistemi Navali signed a EUR 3.7 billion contract with OCCAR for two DDX destroyers. Leonardo owns 49 percent of the joint venture and will receive a sub-supply contract worth EUR 1.7 billion, including EUR 480 million in options.

Reuters reported on September 24, 2026, that the two vessels are scheduled for delivery in 2033 and 2035. The long delivery timetable makes the contract a backlog and industrial-capacity signal rather than a near-term revenue event.

H1 orders rise 45 percent

Leonardo's H1 2026 results provide the stronger near-term operating signal. The company reported new orders of EUR 16 billion, up 45 percent from H1 2025, while revenue reached EUR 10 billion, up 12 percent, and EBITA came to EUR 780 million, up 34 percent.

According to Leonardo in its results archive, the company upgraded its 2026 guidance for orders, EBITA and free operating cash flow after the first half. The comparison matters because the order figure grew faster than revenue, pointing to stronger future workload conversion if execution remains on schedule.

Stock stays below yearly high

The share price remains inside a EUR 44.25 to EUR 66.26 52-week range, with the October 2, 2026 level EUR 18.87 below the yearly high. Market capitalization stood at EUR 27.3 billion and trading volume reached 1,970,825 shares on the same session.

Leonardo describes its business as aerospace, defense and security, spanning helicopters, defense electronics, land systems, space and cyber security. The next scheduled reporting date is November 6, 2026, for results at September 30, 2026.

Leonardo stock tracks execution

Leonardo stock was last at EUR 47.39 on Euronext Milan on October 2, 2026 at 5:35 p.m. CEST. The market's next test is whether the H1 order acceleration and the DDX award translate into reported growth while the company executes its upgraded 2026 plan.