The group recorded in the first six months of 2026 an increase that also surprises the most optimistic expectations of the defence market. For guidance, Idv's contribution is decisive, Iveco Group's Defense business acquired on 18 March for 1.6 billion. Leonardo closes the first half of 2026 with a growth that also surprises the most optimistic expectations of the defence market.

The orders of the semester amounted to 16,259 billion euros, an increase of 44.6% compared to 11,243 billion in the first half of 2025. Net of Idv's contribution, Iveco Group's Defense business acquired on 18 March for 1.6 billion and consolidated by that date, the isoperimeter orders amounted to 15,604 billion with organic growth of 38.8%. The order portfolio rises to 58,581 billion versus 45,030 billion in the first half of 2025 with a progress of 30.1% and 25.6% regarding the 46,624 billion end of 2025.

Here too the Idv effect is worth about 6 billion. The most important signals that have emerged so far indicate growth with values cited at 16.2 billion, 10 billion. For companies the node is not only the growth of volumes: counts the quality of revenues, the keeping of the customer portfolio and the sustainability of the net margin in the next quarter.

In the short period, the decisive lever remains the commercial execution: Input times, channels and market selection could determine the difference between expansion and margin compression. The order portfolio rises to 58,581 billion versus 45,030 billion in the first half of 2025 with a progress of 30.1% and 25.6% regarding the 46,624 billion end of 2025. Here too the Idv effect is worth about 6 billion.

Isoperimetro the backlog is 52,643 billion with +16.9%. The ratio between orders and revenues is 1.6 times and ensures over 2,6 years of production. In the second quarter alone orders continued to run.

The revenues of the semester reach 10,003 billion against 8,919 billion of the first half 2025 with a +12,2%. Isoperimetro the growth is 8.2% to 9,647 billion, which becomes approximately +10% net of the negative change effect on the dollar for Leonardo Drs. In the second quarter the revenues were 5,555 billion against 4,760 billion of the same period 2025 with an increment of 0.795 billion.