Italy’s Leonardo forecasts $6.6 billion ‘upside’ from new wave of European defense spending
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The M-346, produced by Leonardo, shows off some of its weapons options at the 2023 Paris Air Show. (Aaron Mehta/Breaking Defense) BELFAST — As Europe races toward “strategic autonomy” in defense, Italian manufacturer Leonardo expects to generate new business in the region of €6 billion ($6.6 billion) should its home market and other European Union (EU) countries increase defense spending by a single GDP percentage point. Based on financial analysis carried out by the company, the percentage
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