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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Leonardo    LDO   IT0003856405

LEONARDO

(LDO)
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Leonardo : and CODALTEC announce a Memorandum of Understanding which will see the two companies jointly approach the Colombian security and defence market

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12/03/2019 | 02:23pm EST

Rome 03 December 2019 19:53

  • At the Expodefensa exhibition, Leonardo and CODALTEC have announced they will work together to offer best-in-class technological solutions for the Colombian market
  • Leonardo, as a leading defence and security company, offers cutting-edge technology and systems in the fields of air defence, physical and digital security to protect a nation's critical infrastructure

During Expodefensa (Corferias Exhibition Center, Bogota, 2-4 December), Leonardo and CODALTEC (Corporacion de alta tecnologia para la defensa) signed a Memorandum of Understanding under which the two organisations will work together to identify potential projects and business opportunities in Colombia.

As part of the agreement, the companies will promote air defence systems, C4I solutions, cyber security and national infrastructure protection systems.

Leonardo and CODALTEC will evaluate collaboration opportunities and working structures for identified Colombian programmes in accordance with customers' requirements. They will also define and develop strategies for cooperative work, which can meet the requirements of potential clients in-country.

The main areas of collaboration will include the evaluation of market opportunities and the identification of joint opportunities, as well as possible knowledge and technology transfer to the Colombian Ministry of Defense and CODALTEC in the context of cooperative activities. The two companies will also look to participate jointly in tenders issued by the national and international governments and non-governmental customers.

Leonardo has been active in Colombia in the last decades providing air traffic control systems, helicopters and defence systems. This Memorandum of Understanding will enhance the Company's longstanding relationship with the Latin American country.

CODALTEC is a Colombian high tech company and research centre. It promotes development in several areas of technology in order to support Columbian industry and strengthen the scientific and technological capabilities underpinning the nation's civil and defence sectors, including in dual application technologies.

Disclaimer

Leonardo S.p.A. published this content on 03 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2019 19:22:02 UTC

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Financials (EUR)
Sales 2019 13 025 M
EBIT 2019 1 182 M
Net income 2019 604 M
Debt 2019 2 677 M
Yield 2019 1,44%
P/E ratio 2019 9,83x
P/E ratio 2020 8,53x
EV / Sales2019 0,67x
EV / Sales2020 0,62x
Capitalization 6 102 M
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Alessandro Profumo Chief Executive Officer & Director
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Alessandra Genco Chief Financial Officer & Vice President
Roberto Cingolani Chief Technology & Innovation Officer
Bruno Colle Director
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