Leonardo, EDGE joint venture targets over €4 billion in orders in five years

June 17 (Reuters) - Italian defence and aerospace company Leonardo and Abu Dhabi's EDGE group have detailed plans for a joint venture targeting over 4 billion euros in orders over five years, the companies said on Wednesday at a Paris event.

The venture announced last November, which will be 51% owned by EDGE and 49% by Leonardo, is expected to begin operations with contracts already secured worth several hundred million euros.

• The joint venture will focus on airborne radars for next-generation stealth platforms, the Kronos Grand Mobile High-Power radar, Combat Management Systems and Multi-Mission Aircraft Sensors

• It will also serve as a commercial platform to promote and sell the M-346 fighter/trainer aircraft across European and international markets

• "Industrial collaboration and joint ventures are a model we are increasingly embracing, and we are confident that, together with EDGE, we will establish a winning benchmark," said Leonardo CEO Lorenzo Mariani

• The two companies first outlined the partnership in a memorandum of understanding signed in 2025, and announced the joint venture at the Dubai Airshow in November 2025

(Reporting by Romolo Tosiani in Gdansk; Editing by Matt Scuffham)