Leonardo unveils ‘Michelangelo Dome' as Europe looks to bolster sovereign defense systems [CNBC]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: CNBC
Dubbed the “Michelangelo Dome,” Leonardo is targeting the project being fully operational by the end of the decade. The move comes as defense stocks have rallied in 2025 amid rising geopolitical tensions. Italian defense company Leonardo on Thursday unveiled plans for an AI-powered shield for cities and critical infrastructure, adding to Europe's push to ramp up sovereign defense capabilities amid rising geopolitical tensions. The 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's shares were marginally higher Thursday and is up around 77% since January, amid a year of steep rises for defense stocks across Europe as the region's governments have hiked defense spending. The UK's BAE Systems rose 42.7% since the start of 2025, Germany's Rheinmetall 148.9%
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