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Leonardo Sets Ukraine Delivery for AI ‘Michelangelo Dome’, Details 2030 Growth Targets

The updated 2026–2030 plan positions the AI‑enabled Michelangelo Dome as the company’s growth engine to meet surging demand for air defense.

Overview

  • CEO Roberto Cingolani said the first component of Michelangelo Dome for Ukraine will be delivered within months, with delivery cited by year‑end in one account.
  • Leonardo forecasts at least €6 billion in Michelangelo Dome opportunities from 2026 to 2030 and describes the system as capable of neutralizing a ballistic missile 75 km from the target.
  • The group reported 2025 revenues of €19.5 billion and net profit of €1.3 billion, and approved a €0.63 per‑share dividend, with shares reported up 5.7% after the plan update.
  • Targets for 2030 include roughly €30 billion in revenues and about €3.6 billion in EBITA, supported by planned capacity expansion, around 28,000 hires, and the expected closing of the €1.7 billion Iveco Defence Vehicles deal plus €1.8 billion for M&A in 2026–2028.
  • Media reports differ on order figures tied to the plan, citing €32 billion by 2030 versus cumulative €142–143 billion, indicating varying metric definitions that require clarification.