Latest news with #Leonardo
Time of India
2 days ago
- Business
- Time of India
Italy's Lombardy picks group using Starlink to test satcom services
MILAN: Italy's Lombardy region on Thursday picked a consortium of firms using Starlink 's low-orbit satellite constellation in a pilot project to see if space-based connectivity is a viable solution to boost high-speed internet penetration in the country. Lombardy, home to Italy's financial capital Milan, launched a tender for a 4.1 million euro project to test wholesale systems combining fibre and satellite-based networks to bring fast Internet connections in remote and poorly served areas. A joint proposal from Swisscom's Fastweb and Italian defence group Leonardo satellite unit Telespazio has been awarded the pilot project, a regional document showed on Thursday. A source close to the matter said the test is expected to involve the use of Starlink's satellite constellation. Telespazio, a joint venture between Leonardo and French peer Thales last year secured an agreement with Elon Musk's low orbit satellite unit Starlink to commercialise its satellite service. Italy is grappling with delays in state-backed rollout plans for ultra-fast terrestrial telecoms networks for households in sparsely populated areas, with latest European Union data pointing to a coverage of 36.8% last year against an EU average of about 60%.
Reuters
3 days ago
- Business
- Reuters
Italy's Lombardy picks group using Starlink to test satcom services
MILAN, July 17 (Reuters) - Italy's Lombardy region on Thursday picked a consortium of firms using Starlink's low-orbit satellite constellation in a pilot project to see if space-based connectivity is a viable solution to boost high-speed internet penetration in the country. Lombardy, home to Italy's financial capital Milan, launched a tender for a 4.1 million euro project to test wholesale systems combining fibre and satellite-based networks to bring fast Internet connections in remote and poorly served areas. A joint proposal from Swisscom's Fastweb (SCMN.S), opens new tab and Italian defence group Leonardo ( opens new tab satellite unit Telespazio has been awarded the pilot project, a regional document showed on Thursday. A source close to the matter said the test is expected to involve the use of Starlink's satellite constellation. Telespazio, a joint venture between Leonardo and French peer Thales ( opens new tab last year secured an agreement with Elon Musk's low orbit satellite unit Starlink to commercialise its satellite service. Italy is grappling with delays in state-backed rollout plans for ultra-fast terrestrial telecoms networks for households in sparsely populated areas, with latest European Union data pointing to a coverage of 36.8% last year against an EU average of about 60%.
The Sun
3 days ago
- Politics
- The Sun
Three arrested over ‘TERROR offence' after pro-Palestine demo van ‘rams into defence firm factory fence'
THREE pro-Palestine protesters have been arrested under terrorism laws after a van crashed into a security fence at a defence firm. Cops rushed to the Leonardo factory on Crewe Road North in Edinburgh this morning. 3 3 A light blue Ford Transit van was seen jammed up against a damaged metal perimeter fence as a group of protesters climbed onto the vehicle's roof. A Palestine flag was draped from the rear of the vehicle as the activists sat just feet away from the defence facility's razor wire-topped fence. Officers nicked three women, aged 31, 34 and 42, under the Terrorism Act 2000. An eyewitness told The Scottish Sun: 'We arrived and the police were here. It appeared to be a peaceful enough protest. 'There wasn't any aggro between the police and the protesters.' Specialist officers kitted out in harnesses and hard hats responded to the alleged incident. Cops were spotted hoisting a stretcher onto the roof of the light blue diesel van. Officers cordoned off an area around the crash site and forensic officers also attended the scene. Police Scotland's counter terrorism unit has launched a probe and urged any witnesses to get in touch. A spokesperson for the force said: 'Three women, aged 31, 34 and 42, have been arrested under the Terrorism Act 2000 after a van was driven into an external fence of a business premises in Edinburgh. "The incident happened during a disturbance in the Crewe Road North area of the city on Tuesday, 15 July, 2025." Forensic officers kitted out in white overalls also attended the scene. Leonardo is one of the biggest suppliers of defence and security equipment to the Ministry of Defence. It is the UK's largest producer of high-tech sensors, lasers and electronic systems, which are used in some of the world's most advanced aircraft, including fighter jets. The Italian defence company also supplies military technology to Israel.
Business Wire
4 days ago
- Business
- Business Wire
Vertical Aerospace to Report 2025 First Half Results on 5 August, 2025
LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering electric aviation, today announces that it expects to share a business update pre-market on Tuesday, 5 August. Vertical will host a webcast at 08:30 am ET (13:30 BST) the same day to discuss the update. The call will be hosted by Stuart Simpson, Vertical's CEO. To access the webcast, visit Vertical's Investor Relations website: If unable to attend the webcast, to listen by phone, please dial +1 (646) 307-1963 or +1 800 715-9871; Conference ID 9967915. A replay of the webcast will be available on the company website following the event. About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical's VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical will also be launching a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. Vertical combines partnering with leading aerospace companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, the epicentre of the UK's aerospace industry, Vertical's experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and military aircraft and propulsion systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position as well as our financial outlook, the design and manufacture of the VX4, the features and capabilities of the VX4 and the hybrid-electric VX4 variant, certification and the commercialization of both the VX4 and the hybrid-electric VX4 variant and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, expected ability to certify the Honeywell Anthem Flight deck and compact fly-by-wire system for the production version of the VX4, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers, trends in sovereign defense budgets, our ability to integrate hybrid technology into the VX4 on any particular timelines or at all, the ability of the hybrid-electric VX4 variant to be applied in defense, cargo, logistics and emergency services sectors, our ability to scale the hybrid-electric VX4, our ability and plans to raise additional capital to fund our operations, anticipated Board changes and the new board members' impact on Vertical and its fundraising efforts, the differential strategy compared to our peer group, expectations surrounding pre-orders and commitments, our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies, the transition towards a net-zero emissions economy, as well as statements that include the words 'expect,' 'intend,' 'plan,' 'believe,' 'project,' 'forecast,' 'estimate,' 'may,' 'should,' 'anticipate,' 'will,' 'aim,' 'potential,' 'continue,' 'are likely to' and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our potential inability to raise additional funds when we need or want them, or at all, to fund our operations; our limited cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern; our potential inability to produce or launch aircraft in the volumes or timelines projected; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; the inability for our aircraft to perform at the level we expect and may have potential defects; our dependence on partners and suppliers for the components in our aircraft and for operational needs; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; any accidents or incidents involving eVTOL aircraft could harm our business; all of the pre-orders received are conditional and may be terminated at any time and any predelivery payments may be fully refundable upon certain specified dates; any potential failure to effectively manage our growth; our inability to recruit and retain senior management and other highly skilled personnel; we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations, investor confidence in us and the market price of our ordinary shares; and the other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ('SEC') on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Daily Mirror
4 days ago
- Daily Mirror
Counter Terrorism officers arrest three woman after van smashes into 'weapons factory'
The women were taken into custody following the incident in the Crewe Road North area of the city earlier this morning. A large number of officers remain at the scene Three women have been arrested under the Terrorism Act following an incident where pro-Palestine activists crashed a van into the border fence of a defence company accused of supplying parts for Israel's F-35 jets. The incident took place early on Monday near Crewe Road North in Edinburgh, where the major defence manufacturer Leonardo is based. Police had been situated in a nearby Morrisons supermarket car park prior to the fence smash, with five vans of riot officers stationed in the area. After the van was driven into the fence, protesters could be seen climbing on top of it and displaying a Palestine flag. Three women, aged 31, 34, and 42, were arrested at the scene following swift response from police. Specialist officers wearing protective helmets and harnesses can be seen climbing onto the roof of the vehicle in the moments before the arrest. This latest action by pro-Palestinian groups follows the banning of Palestine Action as a terror group, after activists targeted military installations in the UK associated with the ongoing war on Gaza's civilian population. The authorities later verified that these individuals were detained under the Terrorism Act 2000 after the vehicle collided with an external barrier. Police Scotland's Counter Terrorism Unit is leading an investigation into the incident. Authorities are approaching the scenario as a deliberate act while maintaining that there's no ongoing risk to the general populace, reports the Daily Record. The targeted defence manufacturer has faced criticism from pro-Palestinian groups before for allegedly producing equipment used by the Israeli forces against civilian populations in Gaza - where at least 58,000 residents have been killed by Israeli forces since the October 7 attacks in 2023. An onlooker described seeing officers "cutting into a van". He commented: "There's loads of police in helmets and they've surrounded a van parked up against the fence of the factory. It looks like they're trying to get into the van with an electric saw." In the previous December, Leonardo's establishment situated in Edinburgh's Crewe Road North experienced two bouts of demonstrations within a week. The protesters alleged that the factory was producing components for Israeli F-35 fighter jets, stating their intention to halt Leonardo's operations to prevent "the production of Palestinian slaughter". A group called Shut Down Leonardo, which alleges the company's involvement in manufacturing parts for Israel's air force, said in a post: "We're taking action to shut down Leonardo's weapons factory in Edinburgh," while sharing images of the van rammed into Leonardo's fence.. On December 12, the group positioned themselves outside the factory with banners proclaiming "stop arming genocide." Several windows at the facility were also daubed with red paint. At the time, a spokesperson for Leonardo maintained that the company does not 'supply equipment' directly to Israel. This was echoed in a supplied statement after the van rammed into Leonardo's fence in Edinburgh. It reads: "Leonardo UK is subject to UK government export controls and does not supply equipment direct to Israel. "The right to peaceful protest is an important principle in our society, however, aggressive and violent activity should have no place in protest. "The intimidation of our people, who work hard to support the security and defence of the UK, is not acceptable. "Our main customer is the UK Armed Forces. We are proud to manufacture technology that supports our service personnel and helps keep them safe. Their dedication underpins the freedom on which our society is based." A spokesperson for Police Scotland stated: "Three women, aged 31, 34 and 42, have been arrested under the Terrorism Act 2000 after a van was driven into an external fence of a business premises in Edinburgh. The incident happened during a disturbance in the Crewe Road North area of the city on Tuesday, July 15, 2025. "Police Scotland's Counter Terrorism Unit are leading the investigation and enquiries are ongoing. We are treating this as targeted, and we do not believe there is any wider threat to the public. "If anyone was on Crewe Road North or in the nearby supermarket carpark during the early hours of this morning and has any relevant dashcam footage or saw anything suspicious, please contact the Police on 101 quoting reference 0416 of July 15."
