The Memorandum of Understanding will strengthen cooperation between the two players in various areas, with the possibility of developing integrated solutions in specific technological fields such as quantum cryptography, green transition and secure solutions for logistics and transport
Leonardo, one of the world's leading players in the Aerospace Defense & Security sector, and Cisco Systems, a world leader in the networking and IT sectors, have signed a Memorandum of Understanding (MoU) with the aim of strengthening mutual commercial relations and launching a structured collaboration in the civil and defense industrial fields.
The carrying out of the activities within the framework of the Memorandum will develop through the joint and periodic identification, also through the establishment of dedicated working groups, of business opportunities and areas of technical cooperation to meet, in particular, the market demands in the cyber security, secure networking, Internet-of-Things, digital workplace and cloud edge computing sectors.
The agreement includes, among other things, the development of potential integrated solutions, based on the specific distinctive technological capabilities of the two players and with a view to proposing solutions suitable for meeting market needs. Detailed roadmaps will then be discussed in specific technological areas, such as quantum cryptography, green transition and security solutions for logistics and transport, thanks to the use of drones and advanced urban security systems.
The MoU also embraces the possibility of joint commercial offers, through a process of analysis of products and solutions aimed at the national and international market, so as to broaden the business opportunities and the audience of potential customers of the two players. Finally, according to the agreement, Leonardo and Cisco undertake to guarantee the satisfaction of mutual advantages on the commercial proposals to be finalized towards a series of strategic programmes, previously identified by the two companies.
To optimize the joint activity governed by the MoU, a steering committee will be set up with the aim of monitoring the progress of the partnership and evaluating the overall progress of the collaboration. The steering committee may, in turn, set up specific working groups to concretely pursue the joint business opportunities identified.
DEEPENING
Leonardo, a global high-tech company, is among the top companies in the world in Aerospace, Defense and Security and the leading Italian industrial company. Organized into five business divisions, Leonardo boasts a significant industrial presence in Italy, the United Kingdom, Poland and the USA where it also operates through subsidiaries such as Leonardo DRS (defense electronics) and some joint ventures and equity investments: ATR, MBDA, Telespazio, Thales Alenia Space and Avio. Leonardo competes on the most important international markets by leveraging its areas of technological and product leadership (Helicopters; Aircraft; Aerostructures; Electronics; Cyber & Security Solutions and Space). Listed on the Milan Stock Exchange (LDO), in 2021 Leonardo recorded consolidated revenues of 14,1 billion euros and invested 1,8 billion euros in Research and Development. The company has been included in the Dow Jones Sustainability Indices (DJSI) since 2010, confirming itself again in 2022 among the global leaders in sustainability. Leonardo is also included in the MIB ESG index.
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