Government Intervention Raises Questions About Defense Contractor's Future
The Italian government has replaced Leonardo CEO Roberto Cingolani, just over two years after his appointment in May 2023. The move comes as the company is working to turnaround its financial performance, and its Michelangelo Dome air and missile defense project has been impacted. According to Aviation Week, the government’s decision to intervene in the company’s leadership may have significant implications for Italy’s defense industry and the broader European market. This development was first reported by Aviation Week.