Leonardo Q1 2026: orders up 31% to €9B on Eurofighter, M-346 and UK AW149 deals; backlog hits €56.8B, EBITA up 33%

Leonardo reported €9 billion in Q1 2026 orders, a 31% year-on-year increase, boosted by Eurofighter, the M-346 trainer, and UK AW149 helicopter business. EBITA rose 33% and backlog reached €56.8 billion, underscoring momentum across fighters and rotorcraft sustainment/production programs.

Discovered 2026-06-05T04:26:34.176997-07:00 | 2026-06-05T04:26:34.176997-07:00

Briefing

What Hype is tracking

  • Leonardo’s Q1 2026 order intake of €9B (+31% YoY) and €56.8B backlog provide a near-term read-through on fighter/trainer and helicopter program demand, contract conversion pace, and production/sustainment funding.
  • EBITA up 33% signals operating leverage tied to defense and aerospace execution—useful for benchmarking OEM profit performance against peers.
  • The update aligns with Leonardo’s broader direction toward expanding manned and unmanned systems in its industrial plan, including growth emphasis across helicopters and integrated defense solutions (Leonardo CEO Roberto Cingolani unveils five-year industrial plan targeting manned and unmanned systems).

Reported By

AeroTime
Sources Tracked
1
First Seen
2026-06-05T04:26:34.176997-07:00
Latest Update
2026-06-05T04:26:34.176997-07:00
Coverage
Defense

Sources

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