Leonardo Sets Sights on €142 Billion Order Target by 2030

Leonardo sets a €142B order goal by 2030, fueled by its €1.6B acquisition of Iveco's defense division to create a fully integrated land systems powerhouse.

The Italian defense giant Leonardo has established a strategic goal to secure cumulative orders worth €142 billion by the year 2030. This ambitious target follows the company's recent transformation into a fully integrated land systems provider, a move designed to significantly bolster its competitive position in global security procurement programs.

Strategic Acquisition Creates Integrated Powerhouse

A key driver behind this new industrial plan is the formal completion of Leonardo's acquisition of Iveco's defense division, which includes the IDV and ASTRA brands. The transaction, finalized on March 18, 2026, was valued at €1.6 billion and was financed entirely from the company's existing cash reserves.

This strategic purchase integrates a business that generated €1.37 billion in revenue last year, bringing six production facilities and seven research centers under Leonardo's umbrella. The company's management aims to merge its established expertise in electronics and sensors directly with the newly acquired vehicle platforms. The result is a comprehensive supplier capable of delivering everything from light armored vehicles to heavy logistics systems.

Shareholder Returns and Market Performance

Leonardo's shareholders will participate in the company's progress through a confirmed dividend of €0.63 per share for the 2026 fiscal year. The ex-dividend date is set for June 22, 2026.

Despite these strategic advancements, Leonardo's stock faced recent pressure. On Friday, shares declined by 3.31 percent to close at €60.76. This downturn was attributed to a broadly weak market environment on the Milan exchange, where geopolitical tensions in the Middle East and restrictive signals from central banks weighed on industrial stocks across sectors. Nonetheless, the equity maintains a solid year-to-date gain of nearly 19 percent.

A Foundation for Future Growth

Looking ahead, Leonardo is placing a strong emphasis on technological synergies. The development of next-generation, networked, and modular land systems is intended to meet the precise requirements currently being prioritized by defense ministries worldwide.

The company begins the execution of its new plan from a position of strength, with an existing order backlog of €44.2 billion. This substantial pipeline exists even before the full integration of the most recent acquisitions, providing a robust foundation for reaching its long-term €142 billion objective.