Leonardo, Rheinmetall Secure €3.7 Billion Italian Army Contracts
The joint venture secured two contracts with the Italian army for armoured vehicles, MF reported. The orders are worth €3.7 billion ($4.16 billion) in total.
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FTSE MIB Approaches May Lows
Italy’s FTSE MIB fell 1.7% to 48,800 on Thursday, approaching its lowest level since May, as banks, and technology stocks came under pressure. Prysmian plunged 4.1%, while STMicroelectronics dropped 3.5%, amid renewed concerns over AI-related valuations. UniCredit and Intesa Sanpaolo lost 2.2% and 2.6%, respectively, w