July 31, 2024 Wednesday |
Helicopters Contribute To Strong Growth at Leonardo Sales of commercial and military
helicopters made a significant contribution to double-digit growth in
financial performance at Leonardo during the first half of 2024. Yesterday,
the Italian aerospace and defense group reported a 15.6% uptick in orders
across its diverse product portfolio to €10.3 billion ($11.2 billion), while
revenues increased by 10.9%, to €8 billion, and earnings by 13.3%, to €503
million. Through June 30, Leonardo logged
helicopter orders valued at €3.6 billion, which was almost a 28% increase
from a year ago, taking its backlog to €14.4 billion. Over the same period,
Leonardo’s rotorcraft revenues grew by almost 13%—from €2.16 billion to €2.43
billion—while the order backlog from this division was up by 8.6% at 15,666
aircraft (civil and military). During the first half of 2024, Leonardo
delivered 77 civil helicopters, slightly below the 82 delivered in the same
period last year. The company said the division’s improvement in revenues was
mainly attributable to “increased activities on dual-use helicopter lines”
and also to stronger demand for customer support, training, and services. New orders logged through the end of
June included 20 AW139s for The Helicopter Company in Saudi Arabia, which
will use the aircraft for emergency medical and search-and-rescue missions.
Other civil orders came from Bristow and Norwegian energy group Equinor, in
addition to government contracts from North Macedonia and from Galaxy
Aerospace. |
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