Latest news with #RobertoCingolani
Mid East Info
8 hours ago
- Business
- Mid East Info
EDGE Group and Leonardo to Strengthen Strategic Partnership with Groundbreaking Joint Venture - Middle East Business News and Information
EDGE, one of the world's leading advanced technology and defence groups, and Leonardo have confirmed their mutual intent to establish a joint venture (JV) in Abu Dhabi. The JV will create a cutting-edge technology hub in the UAE, strategically positioned to serve global markets through a unified and synergistic approach. The MOU was signed by H.E. Faisal Al Bannai, Chairman of EDGE Group, and Roberto Cingolani, CEO and General Manager of Leonardo during a recent visit to Abu Dhabi. This agreement marks the latest step in strengthening the collaboration between EDGE and Leonardo. The new JV will represent a landmark in global defence collaboration, covering multiple domains and integrating some of the most advanced and sophisticated technologies, including Naval C2 systems and combat system ballistic missile defence; counter-unmanned aerial systems (C-UAS); airborne capabilities for maritime multi-mission aircraft (MMA); optronics; air defence; and high-performance computing (HPC) electronics for missile applications. About EDGE: Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.
Wall Street Journal
08-05-2025
- Business
- Wall Street Journal
Leonardo Expects Small Impact From U.S. Tariffs, Mostly on Civil Helicopters
Leonardo LDO 2.53%increase; green up pointing triangle said U.S. tariffs could impact its civil helicopters business, but that the hit on the group as a whole would be limited. Roberto Cingolani, chief executive of the Italian aerospace and defense group, said Thursday that civil helicopters assembled in Europe would be subject to the tariffs on European Union imports proposed by U.S. President Donald Trump.
CNN
05-05-2025
- Business
- CNN
Is Europe ready to defend itself? Four key charts that tell the story
The Trump administration has sent an unmistakable message to Europe: You're on your own. In three dizzying months, the White House has reversed decades' worth of American foreign policy, pledged to scale back its presence on the continent, and pushed to wrap up Russia's war in Ukraine, even if that might mean handing Ukrainian land to Moscow. The new reality is one to which Europe is still adjusting. But 80 years to the week after American and European allies forced the surrender of Nazi Germany, a future in which the continent is left alone to defend itself from the Russian menace is no longer hypothetical. 'Europe has been living for 80 years in a situation in which peace was given for granted. And apparently peace was offered for free,' Roberto Cingolani, a former Italian government minister who's now chief executive of European defense giant Leonardo, told CNN during a recent visit to the company's headquarters in northern Italy. 'Now, all of a sudden, after the invasion (of) Ukraine, we realize that peace must be defended.' A breakneck race is underway in Europe's NATO-member states to ready the continent in case of confrontation with Russia. The race is winnable: Europe boasts militaries large and expensive enough to at least partially plug the hole Washington is threatening to leave. But armies in Western Europe need a serious influx of funds and expertise to prepare themselves for the worst-case scenario. In recent years, Britain, France and Germany have pumped funds into their aging militaries after a plateau in spending during the middle of the 2010s. But it could be several years until the impact of those funds are felt on the front lines. Troop numbers, weaponry and military readiness have waned in Western Europe since the end of the Cold War. 'The high level of attrition in the Ukraine War has painfully highlighted European countries' current shortcomings,' the International Institute for Strategic Studies, a London-based think tank, wrote in a blunt review of Europe's forces last year. Nations nearer the Russian border are moving faster. The Trump administration has hailed Poland as a paragon of self-sufficiency. 'We see Poland as the model ally on the continent: willing to invest not just in their defense, but in our shared defense and the defense of the continent,' Defense Secretary Pete Hegseth said in Warsaw during the first European bilateral meeting of Trump's second term. But Poland's rapid escalation in defense spending has more to do with its own, generations-old tensions with Russia than with a desire to earn a place in Trump's good graces. Warsaw and Washington are at odds on the conflict in Ukraine; Poland has for years warned Europe of the threat posed by Russia, and has steadfastly supported its neighbor as it defends territory from Putin's advances. The US has stationed troops in Europe since the end of the Cold War, and their numbers have grown since Russia's full-scale invasion, with around 80,000 on the continent last year, according to a Congressional report. But the deployment is still far smaller than at the height of the Cold War, when nearly half a million American troops were stationed in Europe. For decades, American foreign policy emphasized the importance of those deployments not just to European security, but to its own. Troops on the continent provide forward defense, help train allied forces, and manage nuclear warheads. Now, the future of those deployments is not clear. European leaders have publicly urged Washington not to reduce numbers, but Trump, Hegseth and Vice President JD Vance have all made clear their intention to strengthen the US military posture in the South China Sea. Today, most US land and air bases are located in Germany, Italy and Poland. US bases in central Europe provide a counterweight to the Russian threat, while naval and aerial locations in Turkey, Greece and Italy also support missions in the Middle East. The locations serve as 'a crucial foundation for NATO operations, regional deterrence, and global power projection,' according to the Washington-based Center for European Policy Analysis think tank. The most important deterrent Europe holds, however, is its nuclear warheads. During the early stages of Russia's war, President Vladimir Putin repeatedly prompted worldwide alarm by hinting at the use of a nuclear weapon. That fear subsided after the war became bogged down in Ukraine's east. But nuclear deterrence is an area on which Europe is heavily reliant on the US. Britain and France – the two European countries with nuclear weapons – have only about a tenth of Russia's arsenal between them. But the American nuclear war chest roughly matches Russia's, and dozens of those US warheads are located in Europe.
CNN
05-05-2025
- Business
- CNN
Is Europe ready to defend itself? Four key charts that tell the story
The Trump administration has sent an unmistakable message to Europe: You're on your own. In three dizzying months, the White House has reversed decades' worth of American foreign policy, pledged to scale back its presence on the continent, and pushed to wrap up Russia's war in Ukraine, even if that might mean handing Ukrainian land to Moscow. The new reality is one to which Europe is still adjusting. But 80 years to the week after American and European allies forced the surrender of Nazi Germany, a future in which the continent is left alone to defend itself from the Russian menace is no longer hypothetical. 'Europe has been living for 80 years in a situation in which peace was given for granted. And apparently peace was offered for free,' Roberto Cingolani, a former Italian government minister who's now chief executive of European defense giant Leonardo, told CNN during a recent visit to the company's headquarters in northern Italy. 'Now, all of a sudden, after the invasion (of) Ukraine, we realize that peace must be defended.' A breakneck race is underway in Europe's NATO-member states to ready the continent in case of confrontation with Russia. The race is winnable: Europe boasts militaries large and expensive enough to at least partially plug the hole Washington is threatening to leave. But armies in Western Europe need a serious influx of funds and expertise to prepare themselves for the worst-case scenario. In recent years, Britain, France and Germany have pumped funds into their aging militaries after a plateau in spending during the middle of the 2010s. But it could be several years until the impact of those funds are felt on the front lines. Troop numbers, weaponry and military readiness have waned in Western Europe since the end of the Cold War. 'The high level of attrition in the Ukraine War has painfully highlighted European countries' current shortcomings,' the International Institute for Strategic Studies, a London-based think tank, wrote in a blunt review of Europe's forces last year. Nations nearer the Russian border are moving faster. The Trump administration has hailed Poland as a paragon of self-sufficiency. 'We see Poland as the model ally on the continent: willing to invest not just in their defense, but in our shared defense and the defense of the continent,' Defense Secretary Pete Hegseth said in Warsaw during the first European bilateral meeting of Trump's second term. But Poland's rapid escalation in defense spending has more to do with its own, generations-old tensions with Russia than with a desire to earn a place in Trump's good graces. Warsaw and Washington are at odds on the conflict in Ukraine; Poland has for years warned Europe of the threat posed by Russia, and has steadfastly supported its neighbor as it defends territory from Putin's advances. The US has stationed troops in Europe since the end of the Cold War, and their numbers have grown since Russia's full-scale invasion, with around 80,000 on the continent last year, according to a Congressional report. But the deployment is still far smaller than at the height of the Cold War, when nearly half a million American troops were stationed in Europe. For decades, American foreign policy emphasized the importance of those deployments not just to European security, but to its own. Troops on the continent provide forward defense, help train allied forces, and manage nuclear warheads. Now, the future of those deployments is not clear. European leaders have publicly urged Washington not to reduce numbers, but Trump, Hegseth and Vice President JD Vance have all made clear their intention to strengthen the US military posture in the South China Sea. Today, most US land and air bases are located in Germany, Italy and Poland. US bases in central Europe provide a counterweight to the Russian threat, while naval and aerial locations in Turkey, Greece and Italy also support missions in the Middle East. The locations serve as 'a crucial foundation for NATO operations, regional deterrence, and global power projection,' according to the Washington-based Center for European Policy Analysis think tank. The most important deterrent Europe holds, however, is its nuclear warheads. During the early stages of Russia's war, President Vladimir Putin repeatedly prompted worldwide alarm by hinting at the use of a nuclear weapon. That fear subsided after the war became bogged down in Ukraine's east. But nuclear deterrence is an area on which Europe is heavily reliant on the US. Britain and France – the two European countries with nuclear weapons – have only about a tenth of Russia's arsenal between them. But the American nuclear war chest roughly matches Russia's, and dozens of those US warheads are located in Europe.
Yahoo
25-03-2025
- Business
- Yahoo
Olympics-Italy's Leonardo, TechnoAlpin sign partnerships for 2026 Games
(Reuters) - Italy's aerospace and defence company Leonardo will provide communication systems to the 2026 Winter Olympic and Paralympic Games, the company and the local organiser Milano Cortina 2026 Foundation said on Tuesday in a joint statement. Under the partnership, Leonardo will supply radio and multi-technology communication systems, which will help coordinate events and operations during the Games which are spread across a large area of northern Italy. "Leonardo is supporting a project that strengthens the country's international image while promoting the universal values of sport," Leonardo CEO Roberto Cingolani said. The organisers also signed on Tuesday a commercial partnership with TechnoAlpin, an artificial snow-making company based in the northern Italian city of Bolzano. The company will also supply snow-making machines to the organising committee, a role it also fulfilled at the last Winter Olympics in Beijing. "The partnership highlights our technological know-how and commitment," TechnoAlpin CEO Erich Gummerer said in a statement. The Olympics will be jointly hosted by the city of Milan and the Alpine resort of Cortina d'Ampezzo next February, with five other locations being used for competition. The Paralympics will take place in March 2026.
