Tom Kington

Tom Kington

Tom Kington is the Italy correspondent for Defense News.

All Stories By Tom
Leonardo could get shut out of joint EU defense programs — but backs them anyway
Leonardo CEO Alessandro Profumo said he was “profoundly convinced that without European programs, this industry, above all Italy’s industry, will have great difficulty in being sustainable in the long term.” Although he warned that Italy could only sign up to a European future if it was backed by strong investment by the Italian government.
France, Italy reach deal on Fincantieri's acquisition of STX
Fincantieri will acquire 50 percent of STX, and France will lend 1 percentage point of its holding for 12 years, which allows the Italian shipyard to hold the voting rights and receive share dividends and for Italy to announce hitting its target of owning a majority stake in the French shipyard.
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