| Project Detail |
The project concerns Research, Development and Innovation (RDI) in the helicopters, space, defence electronics and security business areas, as well as on advanced research activities. The related RDI activities will be performed within Leonardos research hubs dedicated to leading edge and breakthrough technologies. The investment programme covers the period between 2022 and 2026.
Additionality and Impact
The RDI activities included in the financed project cover a wide range of technologies within the helicopters, space, defence electronics and security business areas.
The project will contribute to increasing the promoters industrial and engineering expertise and to accelerating the accumulation and diffusion of knowledge in Europe, through the promoters collaboration with universities, research centres and industrial partners. The promoters investment is also expected to contribute to increasing the technological competence and leadership of the European aerospace and defence industry.
The project contributes to the Banks "Innovation, Digital and Human Capital" PPG. In the light of the costs incurred in convergence regions in Italy, part of the project (5%) contributes to the development of less-developed regions. Part of the project (24.61%) contributes also to the Banks CA&ES crosscutting objective.
By supporting investments of a leading aerospace and defence European company in "RDI for dual-use technologies" on products with prevailing civil applications, the project is expected to contribute to the Banks Strategic European Security Initiative (SESI).
The project answers on the increasing policy focus on critical technologies supporting European security.
The promoters investments address the market failures and gaps associated with projects with positive knowledge, environmental and safety externalities generation.
Origination and appraisal of the operation have benefited from the EIB technical expertise.
The proposed operation satisfactorily meets the required funding needs of the promoter as it provides for the necessary flexibility in terms of long tenor and repayment profile, together with a sizeable financing volume. The EIB funding is expected to improve the promoters financial profile by further diversifying its funding base.
Objectives
In the helicopters business area, the promoter aims at developing new products with expanded capabilities and performance, as well as new mobility solutions. In the other business areas, the activities target the development of new products ranging from space equipment to sensors, avionics and commercial electronics; in the field of cyber security, the project aims at developing solutions to enhance the protection of institutions, enterprises and citizens. The RDI activities carried out within the research labs aim at maturing technologies to the benefit of the different divisions of Leonardo Group.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 260 million
Total cost (Approximate amount)
EUR 520 million |
