The joint venture is expected to enter operation with contracts already secured worth several hundred million euros. It also has a commercial pipeline targeting more than 4 billion euros in orders over five years.
The joint venture will focus on airborne radars for next-generation stealth platforms. It will also cover the Kronos Grand Mobile High-Power radar, Combat Management Systems and Multi-Mission Aircraft Sensors.
The venture will also serve as a commercial platform to promote and sell the M-346 fighter and trainer aircraft. EDGE and Leonardo said it will also support other defence capabilities across European and international markets.
The companies said the joint venture will combine their technological expertise, industrial capabilities and international market access. They said the aim is to strengthen the venture’s position in the global defence sector.
The planned company is intended to support customers in Europe and beyond. EDGE and Leonardo said it will provide cutting-edge, integrated solutions.
“Leonardo brings decades of engineering excellence in radar and combat management, while we bring the industrial scale, agility and market access to get that technology to customers faster,” said Hamad Al Marar, Managing Director and CEO, EDGE. “Together, this JV has the depth to build some of the most advanced sensor and systems technology in the world, with a projected pipeline beyond 4 billion euros in orders over the next five years.”
“The project to establish a Joint Venture with EDGE reflects Leonardo’s belief in the ability of strategic industrial partnerships to provide a key contribution to shape the future of the global defence industry,” said Lorenzo Mariani, CEO and General Manager of Leonardo. “Industrial collaboration and joint ventures are a model we are increasingly embracing, and we are confident that, together with EDGE, we will establish a winning benchmark, setting new standards through technological excellence, industrial strength and a shared long-term vision across the sectors we’ve identified for cooperation and across geographies.”
