Leonardo and the European Investment Bank (EIB) have signed a loan agreement of €200 million. The financing has the purpose of supporting the investment projects planned in the group’s industrial plan against the background of the impact of the COVID-19 pandemic. This further loan by the EIB brings the investment support of the loan signed on November 29, 2018 from €300 to €500 million.
The investments pursued by Leonardo are very closely aligned with the EIB’s principles aimed at supporting development of cyber security products and solutions and advanced manufacturing as well as in innovative technologies that enable the decrease in emissions of pollutants through the product weight reduction and the improvement of fuel efficiency.
This is the third operation carried out between the EIB and Leonardo; the first of €500 million, in 2009, was aimed at developing technologically innovative aeronautical components; the second one of €300 million in 2018, to which is added this new contract, aimed at supporting investment projects in four main areas: development of highly innovative products in the helicopter division, cyber security, advanced manufacturing (Industry 4.0) and infrastructure projects needed to increase the production efficiency of the plants. (€1.00 = US$1.21 at time of publication.)
