300 million euros financing from the European Investment Bank in order to fund Investments in technological development

300 million euros financing from the European Investment Bank in order to fund Investments in technological development
  • The loan agreement funds projects aimed at supporting innovation and technological development in Leonardo enabling sustainable growth over the long term in line with the Industrial Plan objectives
  • The investments are related to four main areas: development of technologically advanced products, Cyber Security, Advanced Manufacturing and production efficiency
  • The planned investments meet the EIB requirements

 

Leonardo and the European Investment Bank (EIB) have signed a loan agreement for 300 million euros in Rome today. 

 

The financing has the purpose of supporting the investment projects planned in the Company Industrial Plan. The investments will be focused in four main areas: development of highly innovative products in the Helicopter Division, Cyber Security, Advanced Manufacturing (Industry 4.0) and infrastructure projects needed to increase the production efficiency of the plants in middle-south Italy.

 

Alessandro Profumo, Leonardo Chief Executive Officer, commented that “this financing agreement is an important contribution in developing innovative products and technologies. Moreover, this will allow an increase in plants efficiency, optimization of the production systems and a strengthening of our competitiveness in the business where we operate. Lastly, according to the Industrial Plan objectives, these investments help enable the Company’s sustainable growth over the long term”.

 

The investments pursued by Leonardo perfectly match the EIB principles aimed at supporting both Research & Development in innovative technologies that enables the decrease in emissions of pollutants through the product weight reduction and the improvement of fuel efficiency and the investments in Cyber Security, Advanced Manufacturing and convergence regions according to the European Community standards.

 

EIB and Leonardo have already cooperated in 2009 when the 500 million euros loan agreement was aimed at developing technologically innovative aeronautical components.

Rome 29/11/2018 13:33