Leonardo's helicopter, aerostructures and defense electronics franchises ride European defense rearmament with significant order book acceleration. GCAP next-gen fighter program with UK and Japan provides multi-decade revenue platform. AW139/149/189 helicopters dominate medium-twin defense and parapublic markets globally. Italian government commitments to 2% then 3% GDP defense spend secure domestic baseline.
Thesis reviewed May 29, 2026
Leonardo S.p.A. is headquartered in Italy, which is currently showing moderate signals.
🇮🇹Italy66NEUTRALView Italy risk detail →🛡Defense100WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| HEI | HEICO Corporation | 90 | +12% | ↓29% | ENTRY |
| AIR | Airbus SE | 90 | +13% | ↓29% | ENTRY |
| LMT | Lockheed Martin | 90 | +9% | ↓29% | ENTRY |
| BA | The Boeing Company | 90 | +9% | ↓29% | NEUTRAL |
| AXON | Axon Enterprise Inc. | 90 | +10% | ↓29% | ENTRY |
| NOC | Northrop Grumman Corporation | 90 | +17% | ↓29% | ENTRY |
| GD | General Dynamics Corporation | 90 | +15% | ↓29% | ENTRY |
Investors who hold FINMF may also have indirect exposure through these country funds.
GCAP fighter program reaches design milestone, contract follow-on confirmed
Leonardo wins €2B helicopter order from Saudi Arabia
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Gilbert CisnerosCA | D | Buy | $1k–$15k | Feb 3, 26 | -5.1% |