Leonardo unveils 'Michelangelo Dome' as Europe looks to bolster sovereign defense systems [MSNBC.com]
LEONARDO SPA UNSP/ADR (FINMY)
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Source: MSNBC.com
Italian defense company Leonardo has announced plans for an -powered shield for cities and critical infrastructure (Leonardo S.p.A. and subsidiaries)© Leonardo S.p.A. and subsidiariesThe system, dubbed the "Michelangelo Dome" in a nod to Israel's Iron Dome and U.S. President Donald Trump's plans for a "Golden Dome," will integrate multiple defense systems to detect and neutralize threats from sea to air including missile attacks and drone swarms.Leonardo'sThe UK'sBAE SystemsRheinmetallThalesLeonardo's dome will be built on what CEO Roberto Cingolani called an "open architecture" system meaning it can operate alongside any country's defense systems."In a world where threats evolve rapidly and become ever more complex — and where defending is costlier than attacking — defense must innovate, anticipate and embrace international cooperation," said Cingolani, during an event on Thursday evening.The company is targeting the project being fully operational by the end of the decade.Airbus CEO
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- Leonardo (OTCMKTS:FINMY) had its "buy" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft.MarketBeat
- Leonardo (OTCMKTS:FINMY) was upgraded by analysts at The Goldman Sachs Group, Inc. to a "hold" rating.MarketBeat
- Leonardo (OTCMKTS:FINMY) was upgraded by analysts at Barclays PLC to a "hold" rating.MarketBeat