Eight months into his tenure, Leonardo’s new CEO Alessandro Profumo is finally making his mark. In a relaunch of the company’s industrial plan dubbed Leonardo 2.0, Profumo promised on Jan. 30 to achieve double-digit profitability over the next five years, impose stricter cost control on projects and invest more than €500 million ($624 million) in core technology areas. But while it sounded good, the plan failed to impress investors, who were unsettled by a lack of ...

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