Leonardo secures EUR 1.70 billion DDX deal: Leonardo stock sits 26.70 percent below high

Published on 10/23/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Leonardo stock costs EUR 48.57 on October 23, 2026, versus its EUR 66.26 52-week high. First-half revenue rose 12.00 percent.

Contract and growth milestones

Leonardo received a EUR 1.70 billion DDX allocation on September 24, 2026.
First-half 2026 revenue reached EUR 10.0 billion, up 12.00 percent.
Leonardo stock traded at EUR 48.57 at 10:06 a.m. CEST at Lang & Schwarz on October 23, 2026.
The next nine-month results date is November 4, 2026.

Makroaufnahme von metallischen Turbinenschaufeln mit feinen Reflexionen — Makroaufnahme von Titan-Turbinenschaufeln repräsentiert die hochpräzise Fertigungstechnik von Leonardo S.p.A., ISIN IT0003856405, im Detail, Illustration mit AI erstellt.

Leonardo (ISIN IT0003856405) was trading at EUR 48.57 at Lang & Schwarz on October 23, 2026, at 10:06 a.m. CEST. The company is tied to a EUR 1.70 billion allocation in Italy's DDX destroyer program, while its first-half operating figures point to continued expansion.

DDX allocation strengthens naval position

On September 24, 2026, Leonardo said its 49 percent joint venture Orizzonte Sistemi Navali would enter a supply contract worth EUR 1.70 billion for the company. The wider DDX contract is worth EUR 3.70 billion and covers two Italian Navy destroyers, with deliveries scheduled for 2033 and 2035.

The program gives Leonardo a role in the ships' combat systems, including radar, command and control, and electronic warfare capabilities. The order therefore adds a long-dated naval program to the group's wider defense backlog.

What do the operating figures show?

Leonardo's first-half 2026 results showed new orders of EUR 16.0 billion, up 45.00 percent year over year, while revenue reached EUR 10.0 billion, up 12.00 percent. EBITA rose to EUR 780.0 million, an increase of 34.00 percent, according to the company's investor-relations materials at Leonardo.

Three milestones frame the next report

The recent chronology runs from Leonardo's EUR 19.5 billion fiscal-year 2025 revenue reported on March 12, 2026, through EUR 16.0 billion of first-half orders reported on July 30, 2026, to the EUR 1.70 billion DDX allocation announced on September 24, 2026. The three figures show the sequence from group growth to a specific naval defense program.

The next substantiated reporting date is November 4, 2026, when Leonardo's board is scheduled to approve the nine-month 2026 results, according to Leonardo. That release should provide the next quantified test of order conversion and profitability.

Stock remains below its yearly high

Leonardo's EUR 48.57 price at Lang & Schwarz on October 23, 2026, was 26.70 percent below the EUR 66.26 52-week high from the same market-data snapshot. The EUR 27.9 billion market capitalization gives the DDX allocation a visible but limited scale against the listed group's valuation.

The further course of trading is shown by the continuously updated real-time quote of Leonardo stock.