InfraDefenceThe capital behind defence.
Company

Leonardo

1 financing (about US$678m in total) and 3 M&A or investment records since 2015.

Financings

DateFinancingTypeAmount
Jun 2017Leonardo €600m 1.50% Eurobond due 2024Bond€600m

M&A and investment

DateDealTypeValue
18 Mar 2026Leonardo acquisition of Iveco Defence VehiclesM&A€1.6bn
23 Oct 2025Airbus, Thales and Leonardo space business combination (Project Bromo)JV / capital partnership AnnouncedNot disclosed
3 Jan 2022Leonardo acquisition of 25.1% of Hensoldt from KKRStake sale€606m
Randeep Bubbra
InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

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