Market Environment

Source: IHS Jane’s 2022; Leonardo’s analysis DEFENCE BUDGET CAGR 2021-2026 -0.3% +6.7% +5% +1.5% +1.2% +4%
€780 bln

AD&S annual average market value

~ 6%

AD&S market CAGR over the next 5 years

20%

Leonardo’s target of the AD&S market