The joint venture, whose activities will now be evaluated by the two partners, will be responsible for producing a range of Leonardo’s solutions, covering various business areas spanning sensors, system integration, and platforms. EDGE Group would own 51% of the new company, which will be based in Abu Dhabi, with Leonardo owning the remaining 49%.
As Roberto Cingolani, Chief Executive Officer and General Manager of Leonardo, explains, “This latest milestone, which follows months of intense work between the partners, testifies our mutual understanding of the added value we can create paving the path for an even stronger collaboration.”