MILAN, Sep 20 (Class Editori) — Leonardo and Engineering will work together to accelerate Italy’s digital transition. The two companies have signed a memorandum of understanding which starts the collaboration aimed at individuating projects and business opportunities to be developed jointly in the field of digital transformation and cybersecurity. With the aim of accelerating the country’s digital transition and growth, the project will mainly focus on Defense, Healthcare, Finance, Public Administration and Infrastructures.
Combining Leonardo and Engineering’s know-how to elaborate digital transformation solutions
The partnership with Engineering in the Italian market of cybersecurity and digital transformation puts together the skills of the two leading Groups: Leonardo, which is active in Aerospace, Defense and Security, with 32,000 active employees in Italy and whose cyber division amounts to about 400 million euros, and Engineering, which works in digital transformation processes for companies and public administration, with its 12,000 employees in Italy. Every time the two companies will find common areas of collaboration, they will create “solutions able to meet the ever more challenging needs of the market as they are based on the most innovative and strategic avant-garde technologies, such as AI, Big Data, Digital Twin, Cloud, Quantum Computing and IoT,” they explained.
Therefore, Leonardo and Engineering put together technological and business skills to accompany, accelerate and guarantee the safety of the digitalization processes in the sectors they operate in, so that they can make their technological know-how available to the country in terms of economic and environmental sustainability.
"With the signing of the agreement, the distinctive excellences of two leading players in their respective business sectors are brought together. The combination of Leonardo's and Engineering's know-how will make it possible to elaborate joint solutions in the field of sustainable digital transformation capable of creating value for the country," Leonardo's CEO Alessandro Profumo commented, pointing out that the partnership is part of the company's commitment to promote an innovative ecosystem on transversal technological strands, "one of the guidelines that guides the Be Tomorrow 2030 strategic plan, and the commitment with Engineering takes on a particular value in light of the rapidity in the evolution of the country's technological context which requires the search for cutting-edge solutions".
Engineering’s CEO Ibarra: “Speed up digital transition processes”
For Maximo Ibarra, CEO of Engineering, the challenges "we are experiencing must be addressed by creating synergies and innovative partnerships for the market and for people". As a Digital Transformation company that has the ambition to be a strategic asset for businesses and the PA, we sign this partnership, sharing technological skills and transversal knowledge, to support players in all markets in digitization processes in which Cybersecurity strategies are also an integral part of a sustainable and inclusive Digital Transformation," Ibarra concluded.
The collaboration between Leonardo and Engineering on the R&D front will also be central in order to foster the use of innovative technologies in digital solutions capable of anticipating rapid changes in the market through the initiation of collaboration between the Leonardo Labs network and Engineering's Research Centers.
Merger between Leonardo’s DRS and Rada could be closed in November
Separately, the merger between Leonardo's US subsidiary DRS and Rada (acquisition by DRS of 100% of Rada in exchange for 19.5% of the merged company allocated to Rada shareholders), which will lead to dual listing on NASDAQ and the Tel Aviv Stock Exchange, could be closed in November (Rada's extraordinary meeting is scheduled for October 19). The US market —where Leonardo has 7,000 employees and recently created the business development organizational unit headed by Thomas Smithan— contributes about 30% to the Group's results. The closing of the DRS/Rada deal by year-end is in line with management's indications. On the stock market, Leonardo shares are losing 0.44% to 7.704 euros.
(Source:Class Editori)
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