Logo of Public Investment Fund (PIF)
Saudi Arabia’s Public Investment Fund (PIF) is in talks to invest in Italy-based aerospace group Leonardo’s aerostructures unit, Bloomberg reported, citing informed sources. 
Negotiations between the two parties are still at an early stage and there is no guaranteed agreement. One possible outcome is for the Italian group to build a factory in Saudi Arabia, the sources added.
Leonardo’s aerostructures unit provides major structural parts for the Boeing 787 Dreamliner.
Dreamliner, however, production delays in the US have slowed down work at Leonardo’s facilities, causing losses.
The report noted that Leonardo’s aerostructures unit achieved revenues of $784 million (SAR 2.94 billion) in 2024.
Additionally, CEO Roberto Cingolani recently said that he had found an investment partner for the company, and pledged to provide details in Leonardo’s strategy update on March 11.
Logo of Public Investment Fund (PIF)
Saudi Arabia’s Public Investment Fund (PIF) is in talks to invest in Italy-based aerospace group Leonardo’s aerostructures unit, Bloomberg reported, citing informed sources.
Negotiations between the two parties are still at an early stage and there is no guaranteed agreement. One possible outcome is for the Italian group to build a factory in Saudi Arabia, the sources added.
Leonardo’s aerostructures unit provides major structural parts for the Boeing 787 Dreamliner.
Dreamliner, however, production delays in the US have slowed down work at Leonardo’s facilities, causing losses.
The report noted that Leonardo’s aerostructures unit achieved revenues of $784 million (SAR 2.94 billion) in 2024.
Additionally, CEO Roberto Cingolani recently said that he had found an investment partner for the company, and pledged to provide details in Leonardo’s strategy update on March 11.
