Leonardo SpA - Rome-based aerospace and defence firm - Says Leonardo Canada is teaming up with Babcock Canada, a subsidiary of FTSE 250-listed Babcock International Group PLC, to jointly pursue Canada's Future Aircrew Training Program and to create a Canadian joint venture.
Leonardo says partnership between two companies with strong footprints in military pilot training, ensures that the FAcT program will benefit from the expertise and innovation made by two global players, each of which have over 70 years of aircrew training experience delivered around the world.
Leonardo current stock price: EUR6.96
Year-to-date change: up 18%
Babcock current stock price: 288.90p
Year-to-date change: up 3.2%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Babcock (BAB)
