Published by Global Banking & Finance Review®
Posted on January 19, 2026
1 min readLast updated: January 19, 2026
Add as preferred source on GoogleLeonardo's chairman suggests a future merger with Fincantieri, aiming to enhance collaboration in the defense sector.
MILAN, Jan 19 (Reuters) - The chairman of Italy's Leonardo on Monday floated the idea of a future combination between the defence and aerospace group and state‑controlled shipbuilder Fincantieri.
Speaking at a conference at Milan's Bocconi University, Stefano Pontecorvo told an audience that he hoped the two groups could one day merge, addressing his remark to Claudio Cisilino, Fincantieri’s executive vice‑president for operations, who was sitting in the audience.
“I hope that one day a merger between us might be possible," said Pontecorvo, without elaborating.
Fincantieri and Leonardo, both controlled by the Italian state, already cooperate on several programmes, but past discussions over deeper industrial integration have stalled amid political issues and diverging business priorities.
Fincantieri has targeted the expansion of its defence business in its latest five-year plan.
(Reporting by Elvira Pollina, editing by Keith Weir)
A merger is a business strategy where two companies combine to form a single entity, often to enhance operational efficiency, increase market share, or achieve financial benefits.
The defense industry encompasses businesses that produce military equipment, technology, and services, including aerospace, naval, and land-based defense systems.
Aerospace refers to the branch of technology and industry focused on the design, development, and production of aircraft and spacecraft.
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