Acros: Leonardo suffers from competition (including political) from Dassault’s French

Banca Acros resumed an article published today milanofinanza.it On an order that appears to be in the pipeline for Lockheed Martin in Finland on F-35 fighters, which are built in Italy at the Leonardo factories, in the province of Novara, in Facco di Camry. This will be part of a total order of 10 billion euros. According to the Finnish newspaper Iltalehti, it serves to replace obsolete warplanes needed to defend the country’s border with Russia.

Also Iltelehti points out that Finland may have chosen the Lockheed Martin F-35 Lightning for its HX program. According to analysts at Banca Akros, the project potentially involves the purchase of 64 fighter jets in operation worth 10 billion euros or more, within which they estimate the cost of the F-35 platform component alone to be around 5.5 billion euros. Is.

The Eurofighter Consortium competed in the HX competition with its Typhoon against the Boeing F/A-18E/F Super Hornet and EA-18G Growler, Dassault’s Rafale, Lockheed Martin’s F-35A and Saab’s Gripen E/F . Acros recalls that Leonardo “plays a leading role in the Eurofighter consortium by supplying approximately 60% of the on-board electronics”. As a result, the news, if confirmed at the end of the month by the Finnish government, which must establish the winner of the contract by the end of the year, actually turns out to be negative for the Italian group, which receives more income from the Eurofighter program. Instead of building the ‘F-35’.

Analysts believed that Eurofighter (a federation between Germany, the UK, Italy and Spain) was “in fairly good shape” and noted that Leonardo, apparently in recent times, has been “to Egypt a typhoon”. (where France has stationed its Rafale) and Switzerland (where Lockheed has stationed its F-35)”. They state that French Dassault Aviation is winning contracts around the world with a fighter (Rafale) from Greece (24) to Croatia (12) and the United Arab Emirates (80), which “apparently is not much better than Eurofighter”. ., but has strong political support”.

The selection of Lockheed Martin warplanes will align Finland with the United States through industrial cooperation for the next few decades at about a third of the order value. Finland is not a member of the North Atlantic Treaty Organization, although it trains with the Alliance and uses NATO-compatible equipment.

Helsinki has selected a new air-to-surface and air-to-sea fighter aircraft to defend its 1,300-km border with Russia over the past five years, trying to discourage any aggression from its eastern neighbour. At the moment is very interested in Ukraine. .. This morning Leonardo was down 0.12% with the FTSE Mib down 0.43% to 6.09 euros. The stock has gained 4.3 per cent since January. (All rights reserved)