← Leonardo SpA overview

Leonardo SpA vs Safran SA: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Leonardo SpA (0ONG.LSE)

Q3 2026
▲5▼1

Leonardo advances in space, cloud, and defense deals

  • Three-way space merger seeks EU approval Airbus, Leonardo, and Thales asked the EU to approve merging their space operations into one European group to compete with SpaceX. If cleared, Leonardo could gain from consolidation and better competitiveness, lifting its value.

    This is a major strategic move that could reshape Leonardo's space business and boost its long-term value.

  • German warship cancellation hits defense stocks Reports that Germany will abandon plans to build six warships sent defense stocks lower, with Leonardo falling 3.8%. This reduces expected demand for naval defense products, a negative for Leonardo's order book.

    It shows a real counterweight: a key European defense buyer cutting a major program, which could hurt Leonardo's sales.

  • GCAP fighter jet contract signed The UK, Japan, and Italy signed a £4.6 billion contract to produce the next-generation fighter jet. Leonardo is a key partner, so this secures long-term revenue and strengthens its position in a major defense program.

    This is a concrete funding milestone for a program Leonardo is central to, directly supporting future revenue.

  • Leonardo expands stake in Italy's cloud hub Leonardo is raising its stake in Italy's National Strategic Hub to 35% and will nominate the chairperson. This deepens its role in a key public cloud project, potentially adding stable revenue and strategic influence.

    It shows Leonardo increasing its involvement in a state-backed digital infrastructure, which could drive growth.

  • NATO secure cloud contract won with Accenture Leonardo and Accenture won a multi-million euro contract to build NATO's secure cloud platform, worth about €200 million over seven years. This adds a significant, long-term revenue stream and showcases Leonardo's cybersecurity technology.

    It is a new, sizable contract that directly boosts Leonardo's order backlog and demonstrates its cyber capabilities.

  • UK helicopter fleet engine support secured StandardAero was selected by GE to support engines for the UK's new medium helicopter fleet, which uses Leonardo's AW149 helicopters. This confirms the platform's selection and supports future sales and support revenue.

    It reinforces the success of Leonardo's AW149 in a key export market, with potential follow-on orders.

July 2026
▲5▼1

Leonardo advances in space, cloud, and defense deals

  • Three-way space merger seeks EU approval Airbus, Leonardo, and Thales asked the EU to approve merging their space operations into one European group to compete with SpaceX. If cleared, Leonardo could gain from consolidation and better competitiveness, lifting its value.

    This is a major strategic move that could reshape Leonardo's space business and boost its long-term value.

  • German warship cancellation hits defense stocks Reports that Germany will abandon plans to build six warships sent defense stocks lower, with Leonardo falling 3.8%. This reduces expected demand for naval defense products, a negative for Leonardo's order book.

    It shows a real counterweight: a key European defense buyer cutting a major program, which could hurt Leonardo's sales.

  • GCAP fighter jet contract signed The UK, Japan, and Italy signed a £4.6 billion contract to produce the next-generation fighter jet. Leonardo is a key partner, so this secures long-term revenue and strengthens its position in a major defense program.

    This is a concrete funding milestone for a program Leonardo is central to, directly supporting future revenue.

  • Leonardo expands stake in Italy's cloud hub Leonardo is raising its stake in Italy's National Strategic Hub to 35% and will nominate the chairperson. This deepens its role in a key public cloud project, potentially adding stable revenue and strategic influence.

    It shows Leonardo increasing its involvement in a state-backed digital infrastructure, which could drive growth.

  • NATO secure cloud contract won with Accenture Leonardo and Accenture won a multi-million euro contract to build NATO's secure cloud platform, worth about €200 million over seven years. This adds a significant, long-term revenue stream and showcases Leonardo's cybersecurity technology.

    It is a new, sizable contract that directly boosts Leonardo's order backlog and demonstrates its cyber capabilities.

  • UK helicopter fleet engine support secured StandardAero was selected by GE to support engines for the UK's new medium helicopter fleet, which uses Leonardo's AW149 helicopters. This confirms the platform's selection and supports future sales and support revenue.

    It reinforces the success of Leonardo's AW149 in a key export market, with potential follow-on orders.

Latest
▲5▼1

Leonardo advances in space, cloud, and defense deals

  • Three-way space merger seeks EU approval Airbus, Leonardo, and Thales asked the EU to approve merging their space operations into one European group to compete with SpaceX. If cleared, Leonardo could gain from consolidation and better competitiveness, lifting its value.

    This is a major strategic move that could reshape Leonardo's space business and boost its long-term value.

  • German warship cancellation hits defense stocks Reports that Germany will abandon plans to build six warships sent defense stocks lower, with Leonardo falling 3.8%. This reduces expected demand for naval defense products, a negative for Leonardo's order book.

    It shows a real counterweight: a key European defense buyer cutting a major program, which could hurt Leonardo's sales.

  • GCAP fighter jet contract signed The UK, Japan, and Italy signed a £4.6 billion contract to produce the next-generation fighter jet. Leonardo is a key partner, so this secures long-term revenue and strengthens its position in a major defense program.

    This is a concrete funding milestone for a program Leonardo is central to, directly supporting future revenue.

  • Leonardo expands stake in Italy's cloud hub Leonardo is raising its stake in Italy's National Strategic Hub to 35% and will nominate the chairperson. This deepens its role in a key public cloud project, potentially adding stable revenue and strategic influence.

    It shows Leonardo increasing its involvement in a state-backed digital infrastructure, which could drive growth.

  • NATO secure cloud contract won with Accenture Leonardo and Accenture won a multi-million euro contract to build NATO's secure cloud platform, worth about €200 million over seven years. This adds a significant, long-term revenue stream and showcases Leonardo's cybersecurity technology.

    It is a new, sizable contract that directly boosts Leonardo's order backlog and demonstrates its cyber capabilities.

  • UK helicopter fleet engine support secured StandardAero was selected by GE to support engines for the UK's new medium helicopter fleet, which uses Leonardo's AW149 helicopters. This confirms the platform's selection and supports future sales and support revenue.

    It reinforces the success of Leonardo's AW149 in a key export market, with potential follow-on orders.

Safran SA (SAF.PA)

Q3 2026
▲4▼1

Safran raises outlook on engine boom; loses Exail bid to Thales

  • Safran loses Exail takeover battle to Thales Thales agreed to buy a controlling stake in underwater drone maker Exail at €134 per share, beating Safran's €128.50 bid. Safran misses out on a growing anti-submarine warfare market, a small but real setback to its defense growth plans.

    This is the only negative news for Safran this period and a genuine counterweight to the positive drivers.

  • CFM targets 15% more engine deliveries CFM International, Safran's joint venture with GE, aims to boost engine deliveries 15% this year to match Boeing and Airbus production increases. More engines delivered means more future service revenue for Safran.

    It shows rising demand for Safran's core product and supports the positive earnings story.

  • Record LEAP engine order from IndiGo IndiGo signed an MoU for over 1,000 LEAP-1A engines, the largest single LEAP order ever, plus support for an MRO facility. This locks in years of engine sales and lucrative aftermarket service work for Safran.

    It is a major new order that directly boosts Safran's long-term revenue and market position.

  • Safran raises full-year outlook on strong aftermarket Safran lifted its 2026 profit and revenue forecasts after first-half operating income jumped 29% to €3.24bn, beating expectations. Record margins and high-teens LEAP delivery growth show the engine services boom is powering earnings.

    This is the biggest positive catalyst, directly raising profit expectations and validating the demand trend.

  • Safran partners on 5G positioning technology Safran Electronics & Defense will demonstrate 5G-powered positioning and timing with NextNav, targeting drones, autonomous systems and critical infrastructure. It opens a new market for Safran's navigation products, though financial impact is likely small near-term.

    It shows Safran expanding into a new technology area, a modest but fresh positive driver.

July 2026
▲4▼1

Safran raises outlook on engine boom; loses Exail bid to Thales

  • Safran loses Exail takeover battle to Thales Thales agreed to buy a controlling stake in underwater drone maker Exail at €134 per share, beating Safran's €128.50 bid. Safran misses out on a growing anti-submarine warfare market, a small but real setback to its defense growth plans.

    This is the only negative news for Safran this period and a genuine counterweight to the positive drivers.

  • CFM targets 15% more engine deliveries CFM International, Safran's joint venture with GE, aims to boost engine deliveries 15% this year to match Boeing and Airbus production increases. More engines delivered means more future service revenue for Safran.

    It shows rising demand for Safran's core product and supports the positive earnings story.

  • Record LEAP engine order from IndiGo IndiGo signed an MoU for over 1,000 LEAP-1A engines, the largest single LEAP order ever, plus support for an MRO facility. This locks in years of engine sales and lucrative aftermarket service work for Safran.

    It is a major new order that directly boosts Safran's long-term revenue and market position.

  • Safran raises full-year outlook on strong aftermarket Safran lifted its 2026 profit and revenue forecasts after first-half operating income jumped 29% to €3.24bn, beating expectations. Record margins and high-teens LEAP delivery growth show the engine services boom is powering earnings.

    This is the biggest positive catalyst, directly raising profit expectations and validating the demand trend.

  • Safran partners on 5G positioning technology Safran Electronics & Defense will demonstrate 5G-powered positioning and timing with NextNav, targeting drones, autonomous systems and critical infrastructure. It opens a new market for Safran's navigation products, though financial impact is likely small near-term.

    It shows Safran expanding into a new technology area, a modest but fresh positive driver.

Latest
▲4▼1

Safran raises outlook on engine boom; loses Exail bid to Thales

  • Safran loses Exail takeover battle to Thales Thales agreed to buy a controlling stake in underwater drone maker Exail at €134 per share, beating Safran's €128.50 bid. Safran misses out on a growing anti-submarine warfare market, a small but real setback to its defense growth plans.

    This is the only negative news for Safran this period and a genuine counterweight to the positive drivers.

  • CFM targets 15% more engine deliveries CFM International, Safran's joint venture with GE, aims to boost engine deliveries 15% this year to match Boeing and Airbus production increases. More engines delivered means more future service revenue for Safran.

    It shows rising demand for Safran's core product and supports the positive earnings story.

  • Record LEAP engine order from IndiGo IndiGo signed an MoU for over 1,000 LEAP-1A engines, the largest single LEAP order ever, plus support for an MRO facility. This locks in years of engine sales and lucrative aftermarket service work for Safran.

    It is a major new order that directly boosts Safran's long-term revenue and market position.

  • Safran raises full-year outlook on strong aftermarket Safran lifted its 2026 profit and revenue forecasts after first-half operating income jumped 29% to €3.24bn, beating expectations. Record margins and high-teens LEAP delivery growth show the engine services boom is powering earnings.

    This is the biggest positive catalyst, directly raising profit expectations and validating the demand trend.

  • Safran partners on 5G positioning technology Safran Electronics & Defense will demonstrate 5G-powered positioning and timing with NextNav, targeting drones, autonomous systems and critical infrastructure. It opens a new market for Safran's navigation products, though financial impact is likely small near-term.

    It shows Safran expanding into a new technology area, a modest but fresh positive driver.

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