Leonardo Statement on T-X

ROME, Jan. 25, 2017 /PRNewswire/ -- "In February 2016, Raytheon and Leonardo announced their intent to team on the T-X pursuit. While they remain confident that the T-100 is a strong solution, the companies were unable to reach a business agreement," said Filippo Bagnato, Leonardo Head of Aircraft Division. "Consequently, Raytheon and Leonardo will not jointly pursue the T-X competition."

Leonardo is evaluating how to leverage on the strong capabilities and potential of the T-100, in the best interest of the U.S. Air Force.

Leonardo is among the top ten global players in Aerospace, Defence and Security and Italy's main industrial company. As a single entity from January 2016, organised into seven business divisions (Helicopters; Aircraft; Aero-structures; Airborne & Space Systems; Land & Naval Defence Electronics; Defence Systems; Security & Information Systems), Leonardo operates in the most competitive international markets by leveraging its areas of technology and product leadership. Listed on the Milan Stock Exchange (LDO), at 31 December 2015 Leonardo recorded consolidated revenues of 13 billion Euros and has a significant industrial presence in Italy, the UK and the U.S.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leonardo-statement-on-t-x-300396898.html

SOURCE Leonardo