Italian protection firm Leonardo has introduced plans for an AI-powered protect for cities and demanding infrastructure (Leonardo S.p.A. and subsidiaries)
© Leonardo S.p.A. and subsidiaries
Italian protection firm Leonardo on Thursday unveiled plans for an AI-powered protect for cities and demanding infrastructure, including to Europe’s push to ramp up sovereign protection capabilities amid rising geopolitical tensions.
The system, dubbed the “Michelangelo Dome” in a nod to Israel’s Iron Dome and U.S. President Donald Trump’s plans for a “Golden Dome,” will combine a number of protection methods to detect and neutralize threats from sea to air together with missile assaults and drone swarms.
Leonardo’s shares have been marginally increased Thursday and is up round 77% since January, amid a yr of steep rises for protection shares throughout Europe because the area’s governments have hiked protection spending.
The UK’s BAE Programs rose 42.7% for the reason that begin of 2025, Germany’s Rheinmetall 148.9% and France’s Thales 63.8%.
Leonardo’s dome can be constructed on what CEO Roberto Cingolani known as an “open structure” system which means it will possibly function alongside any nation’s protection methods.
“In a world the place threats evolve quickly and turn into ever extra advanced — and the place defending is costlier than attacking — protection should innovate, anticipate and embrace worldwide cooperation,” stated Cingolani, throughout an occasion on Thursday night.
The corporate is concentrating on the undertaking being totally operational by the tip of the last decade.
Airbus CEO Guillaume Faury informed CNBC earlier on Thursday that the protocols to alternate information between nations and groups on the battlefield have been nonetheless “nonetheless fairly restricted,” including it might take a decade to construct out Europe’s “digital battlefield.”
Europe’s protection push
European governments have quickly dedicated to elevated protection spending because the U.S., a key ally for the bloc, has beforehand threatened to scale back monetary help within the area.
In Might the EU introduced a 150 billion euro ($173.5 million) programme to offer long-term loans to member states for protection procurement and industrial capability. NATO members additionally dedicated to growing protection and safety spending to five% by 2035 in June.
Leonardo’s unveiling of its new dome system is a part of a sector large transfer from main protection primes that is seeing them shift “funding from standalone {hardware} to built-in command architectures,” Loredana Muharremi, fairness analyst at Morningstar informed CNBC.
“Trendy warfare is received by the community that may combine each platform into one resolution cycle,” she stated. “The winners would be the contractors that personal the community layer, not the metallic, which seize recurring upgrades and scale.”
Dangers to Leonardo’s dome system embody execution delays and “dependency on European procurement cycles,” Meghan Welch, managing director at Brown Gibbons Lang & Firm informed CNBC.
European primes are additionally more and more competing with an rising class of protection tech startups within the area.
German AI drone startup Helsing raised 600 million euros and doubled its valuation to 12 billion euros in June, the Monetary Instances reported. Quantum Programs, which additionally develops autonomous protection tech, introduced Friday it has tripled its valuation to above 3 billion euros after a 180 million euro elevate.
