Largest Defense Systems Public Companies in Italy

Company	HQ	Description	Sectors	Stock Price	1Y Perf.	Market Cap	EV	EV/Revenue	EV/EBITDA
Leonardo		Leonardo is one of the largest European defense firms, with 30% of its…Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group’s divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the US defense market through the DRS subsidiary. The aeronautics division cooperates in international programs, such as Eurofighter Typhoon, F-35, and the new Tempest, and supplies aerostructures to large commercial aircraft programs.	Aircraft & Space Systems+1	$61	-3%	$35B	$34B	1.5x	12.2x
Fincantieri		Fincantieri is one of the world’s largest shipbuilding groups, operati…Fincantieri is one of the world’s largest shipbuilding groups, operating across the defense, commercial, and specialized maritime sectors. The company designs and builds a wide range of vessels, including cruise ships, naval combatants, submarines, and offshore and specialized ships. It also provides lifecycle support and system integration services. Fincantieri is organized into four main divisions—shipbuilding; equipment, systems, and infrastructure; offshore and specialized vessels; and underwater systems—covering the full spectrum of defense and commercial shipbuilding.	Defense Systems+1	$14	-25%	$5B	$7B	0.7x	8.8x
Officina Stellare		Officina Stellare SpA is an innovative small-medium sized company base…Officina Stellare SpA is an innovative small-medium sized company based in Sarcedo, Vicenza. It is engaged in the designing and manufacturing of ground-breaking optomechanical system instrumentation for ground based telescopes and space applications.	Aircraft & Space Systems+1	$46	+185%	$281M	$291M	15.6x	55.3x
Porto Aviation Group		Porto Aviation Group SpA designs, constructs, and markets single-engin…Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, and hydraulic components.	Aircraft & Space Systems+1	$11	+121%	$25M	$24M	5.4x	38.0x
EdgeLab		EdgeLab SpA specializes in the development of marine and underwater so…EdgeLab SpA specializes in the development of marine and underwater solutions and technologies. The group's activities are organized around 2 divisions: (i) development of marine technologies: solutions for ocean exploration and surveillance in complex underwater environments; (ii) design and manufacture of underwater robots: autonomous underwater vehicles (AUVs) used for deep-sea research and inspection, high-performance marine sensors for collecting environmental data, and unmanned surface vehicles (USVs) designed for operations in shallow waters.	Aircraft & Space Systems+1	$7	+23%	$21M	$18M	71.2x	(29.4x)
Median				$14	+23%	$281M	$291M	5.4x	12.2x

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