EDGE and Leonardo announced further plans on June 17 to establish a joint venture (JV) to develop, commercialise, manufacture, and support some of the most advanced defence sensors and systems available worldwide.
The JV will concentrate on a variety of defence capabilities, including airborne radars for next-generation stealth platforms, the Kronos Grand Mobile High-Power (HP) radar, Combat Management Systems (CMS), and Multi-Mission Aircraft Sensors. Additionally, the JV will act as a commercial platform to promote and sell the M-346 fighter/trainer aircraft and other defence capabilities across European and international markets.
By combining the technological expertise, industrial capabilities, and international market access of both partners, the JV aims to strengthen its position as a leading player in the global defence sector, supporting customers in Europe and beyond with cutting-edge, integrated solutions.
Hamad Al Marar, Managing Director and CEO of EDGE, stated: “Leonardo brings decades of engineering excellence in radar and combat management, while we provide the industrial scale, agility, and market access to deliver that technology to customers more quickly. Together, this joint venture has the capacity to develop some of the world’s most advanced sensor and system technologies, with a projected pipeline exceeding 4 billion euros in orders over the next five years.”
Lorenzo Mariani, CEO and General Manager of Leonardo, stated: “The project to establish a joint venture with EDGE reflects Leonardo’s belief in the ability of strategic industrial partnerships to play a key role in shaping the future of the global defence industry. Industrial collaboration and joint ventures are a model we are increasingly adopting, and we are confident that, together with EDGE, we will establish a leading benchmark, setting new standards through technological excellence, industrial strength, and a shared long-term vision across the sectors identified for cooperation and across different regions.”
