Leonardo lifts 2026 orders forecast to about EUR 28.2 billion

• Leonardo raised 2026 guidance to orders of about EUR 28.2 billion from about EUR 26.2 billion, reflecting the IDV consolidation.
• EBITA seen at about EUR 2.21 billion from about EUR 2.15 billion, targeting a double-digit return on sales.
• Free operating cash flow forecast at about EUR 1.37 billion from about EUR 1.32 billion.
• Net debt expected at about EUR 2.2 billion from about EUR 2.3 billion, with revenue still seen at about EUR 22.1 billion.
• Update follows first-half results with orders of EUR 16.26 billion, revenue of EUR 10 billion, EBITA of EUR 780 million, net debt of EUR 3.25 billion.

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