Leonardo Orders Beat Views With CEO Shakeup Under Way
Workers assemble a Leonardo AW139 helicopter on the production floor at the Leonardo SpA factory in Varese.
Photographer: Giuliano Berti/BloombergLeonardo SpA reported a jump in first-quarter orders that beat analysts’ estimates, extending its streak of contract wins leading up to the abrupt ouster of Chief Executive Officer Roberto Cingolani.
Order intake surged 31% to €9 billion ($10.6 billion), the Italian defense contractor said Wednesday in a statement. Two analysts polled by Bloomberg were expecting just over €8 billion.