Leonardo set to benefit from Polish military helicopter order
Reuters
Published Jun 14, 2022 11:50AM ET
MILAN (Reuters) - Poland plans to buy several AW149 military helicopters, which are built by the Italian company Leonardo, the Polish defence ministry wrote on Twitter (NYSE:TWTR).
In a note, Banca Akros brokerage estimated on Tuesday that the contract could be worth 1.1 billion euros ($1.15 billion). The sum is equivalent to around 7.7% of Leonardo's 2022 order intake target, Akros analysts wrote.
"In the near future we will sign contracts for the supply of mine destroyers ..., AW149 multi-role support helicopters, two observation satellites and tank destroyers," the ministry wrote in Polish on Twitter on Monday, citing Defence Minister Mariusz Blaszczak.
Leonardo, whose stocks closed 0.25% higher on Tuesday compared to a flattish blue chip index, declined to comment. ($1 = 0.9591 euros)
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Written By: Reuters
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