Leonardo Q2/H1 2026 Results Presentation

Please avoid printing this colourful slide. Let’s save the planet together .Q2 / H1 2026 Results Presentation R o m e, 3 1stJ u l y 2 0 2 6

Introduction Lorenzo Mariani, Chief Executive Officer & General Manager Q2/H1 2026 Results Giuseppe Aurilio , Chief Financial Officer Q&A AppendixQ 2 / H 1 2 0 2 6 R e s u l t s

3 © 2026 Leonardo -Società per AzioniQ 2 / H 1 2 0 2 6 R e s u l t s -I n t r o d u c t i o n Modern warfare is being reshaped by increasingly digital, saturated and asymmetric threats , challenging traditional defence architectures and creating the need for faster, more resilient and integrated solutionsNew Warfare

Paradigm

Europe is entering a new phase where defence capabilities require sustained investment over many years . The need to strengthen sovereign capabilities, industrial resilience and technological leadership are driving a structural long -term defence spending trendDefence

Spending

Acceleration

Leonardo is positioned to benefit from this trend thanks to its comprehensive portfolio (Defence Electronics, Helicopters, Aircraft, Space, Cyber and Land Systems ), strategic partnerships, industrial footprint and the investments made in the Digital DomainLeonardo

Leadership

Position

A structurally changed world

4 © 2026 Leonardo - Società per AzioniQ 2 / H 1 2 0 2 6 R e s u l t s - I n t r o d u c t i o n

SUSTAINABLE VALUE CREATION

STRENGHTEN TECHNOLOGY

FOOTPRINT, EXPLOIT MULTIDOMAIN

CAPABILITIESAccelerate innovation to address evolving operational requirements by rapidly enhancing Leonardo's capabilities across legacy and emerging segments , while strengthening multidomain integration Executing our vision EXPAND STRATEGIC PARTNERSHIPSExpand industrial and technology ecosystems to increase competitiveness, strengthen European sovereignty and widen addressable market, maintaining a strong leadership

in US

SCALE AND OPTIMIZE INDUSTRIAL

FOOTPRINT AND CAPACITYStrengthen manufacturing capacity , boost production efficiency and ensure an effective and reliable supply chain Enhance and accelerate execution across programme development, industrialization and production to consistently meet customer requirements , with on-time delivery serving as a key competitive differentiatorACCELERATE EXECUTION Keep business continuity , growth and enhanced industrial capacity at the heart of the Group’s industrial visionINDUSTRIAL PLAN CONTINUITY

5 © 2026 Leonardo - Società per AzioniQ 2 / H 1 2 0 2 6 R e s u l t s - I n t r o d u c t i o nLBA Systems JV Iveco DefenceLRMV JVMichelangelo Dome

AerostructuresBromo JVGCAP

SCALE AND OPTIMIZE

INDUSTRIAL FOOTPRINT AND CAPACITY

STRENGHTEN TECHNOLOGY FOOTPRINT,

EXPLOIT MULTIDOMAIN CAPABILITIES

EXPAND STRATEGIC PARTNERSHIPS

Turning strategy into action

Raft Acquisiton

Introduction Lorenzo Mariani, Chief Executive Officer & General Manager Q2/H1 2026 Results Giuseppe Aurilio , Chief Financial Officer Q&A AppendixQ 2 / H 1 2 0 2 6 R e s u l t s

7 © 2026 Leonardo - Società per AzioniH1 2026: outstanding momentum, FY 2026 guidance upgrade

IDV IN THE PERIMETER

FROM 1 APRIL

•IDV orders accounting for € 0.7 bn in Q2 2026, with 1.9x book -to-bill and c. € 6 bn backlog •Accretive contribution to Group

profitability

•Q2 Cash absorption due to usual seasonality but improving significantly vs Q1 (not consolidated in LDO )

GUIDANCE UPGRADED

•Standout commercial momentum in H1 2026 led by Defence Electronics, Helicopters and Aircraft •Strong growth in profitability •Additional progress in our cash -

generation profile

•FY 2026 Guidance upgraded, targeting double digit ROS

OUTSTANDING FIRST HALF OF

THE YEAR

•Outstanding performance across all key financial metrics •Orders and FOCF up more than +40% vs. H1 2025 •Continuing improving in profitability , with ROS at 7.6% (+1.1 p.p . vs. H1 2025) •Adjusted Net Income +74% vs H1

2025

Q 2 / H 1 2 0 2 6 R e s u l t s

8 © 2026 Leonardo - Società per AzioniORDERS

REVENUES

EBITA

ROS %

FOCF

NET DEBTH1 2026: strong improvement on all key financial metricsQ 2 / H 1 2 0 2 6 R e s u l t s

(€bn)

BACKLOGH1 2025 H1 2026

(incl. IDV)H1 2026 (isoperimeter )% Δ (Isoperimeter excl. FX)% Δ

(Isoperimeter )

11.2

8.9

0.58

6.5%

(0.41)

2.245.0

16.3

10.0

0.78

7.8%

(0.25)

3.2158.6

15.6

9.6

0.73

7.6%

(0.23)52.6

+41%

+10%

+41%+28%+17%

+39%

+8%

+45%+26%

+1.1 p.p.+17%

1. reported figure including the outflow for the IDV business acquisition of approx. € 1.6 bn and the full consolidation of I DV from 1 April

9 © 2026 Leonardo - Società per Azioni11.2 15.6 1.0 1.1 1.9 0.1 0.05 0.2 Orders up 39% YoY, total backlog at € 53 bnQ 2 / H 1 2 0 2 6 R e s u l t s H1 2025 H1 2026 Defence Electronics Helicopters Aeronautics Cyber & Security SolutionsSpace Eliminations & Others 1. NMH: New Medium Helicopter Before IDV contribution •Electronics Europe :

backlog € 17.5 bn;

growing, with major domestic and export orders. Book to bill at

1.8x

•Leonardo DRS:

backlog € 4.3 bn;

+7% YoY net of FX

effect

•Orders growth mainly driven by export : NMH1 contract for UK MoD •Aircraft: backlog € 11.5 bn; major orders

for proprietary

platforms (M -346 for Austrian Air Force and

Italian Aerobatic

Team), on top of EFA orders for Italy and

Germany

•Aerostructures :

backlog € 1.4 bn•Additional orders within the broader National Strategic Hub •Positive contribution

from payload,

robotics (ESA

contracts)€bn ∆ % YoY

Defence Electronics

Electronics Europe

Leonardo DRS6.4

4.7

1.718.4%

27.4%

0.1%

Helicopters 4.5 33.4%

Aeronautics

Aircraft

Aerostructures4.1

3.6

0.687.5%

129.6%

(12.6%)

Cyber & Security 0.5 14.6% Space 0.5 11.6% Eliminations & Others (0.4) Leonardo Group 15.6 38.8%Orders by DivisionBacklog €bn 45.0 21.7 16.6 12.8 1.4 1.6 52.6Book to bill 1.3x 1.5x 1.6x 2.1x 1.2x 0.9x 1.6x(€bn)

10 © 2026 Leonardo - Società per Azioni8.99.6 0.40.10.10.10.1 0.04Revenues up 8% YoY (+ 10% YoY excl. FX)Q 2 / H 1 2 0 2 6 R e s u l t s

(€bn)

1. CSS&T: Customer Support, Services & TrainingBefore IDV contribution €bn ∆ % YoY

Defence Electronics

Electronics Europe

Leonardo DRS4.2

2.7

1.59.5%

14.7%

1.2%

Helicopters 2.9 4.1%

Aeronautics

Aircraft

Aerostructures2.0

1.6

0.54.8%

(1.2%)

44.0%

Cyber & Security 0.4 17.0% Space 0.5 14.4% Eliminations & Others (0.3) Leonardo Group 9.6 8.2%Revenues by Division•Electronics Europe:

volume growth

across all business

areas, continuing

backlog delivering

•Leonardo DRS: +8% net of negative FX effect, driven by RADA and naval programmes•Higher activity on

selected helicopter

lines and in CSS&T1 •81 new helicopters delivered vs. 72 in H1

2025•Aircraft: strong

contribution from

proprietary platforms

performance,

offsetting lower

revenues in the Gulf

area programmes

•Aerostructures: strong

revenue growth mainly driven by B787•Volumes growing also as a result of backlog and new orders•Growth in the

satellite services

segment,

particularly in

Telespazio’s

SatCom businessH1 2025 H1 2026 Defence Electronics Helicopters Aeronautics Cyber & Security SolutionsSpace Eliminations & Others

11 © 2026 Leonardo - Società per Azioni71183

32164

(66) (14)273

(9)EBITA up 26% YoY : Defence Electronics as key contributorQ 2 / H 1 2 0 2 6 R e s u l t s

EBITA by Segment GROUP EBITA

H1 2025 Volume

EffectMargin

effectFX effect H1 2026RoS 7.6% 6.5%RoS

H1 2025 11.2%12.2%

7.2%7.2%

2.9%5.4%

8.1%9.3%

3.9%3.6% H1 2026

(€m)

Defence

Electronics210

+4.0% YoY508

+19.5% YoY

108

+96.4% YoY

39

+34.5% YoY18

+5.9% YoYElectronics

DRS

MBDA +

Hensoldt +20.3% YoY+25.2% YoY+15.7% YoY

Aircraft

Aerostructures

GIE ATR+1.7% YoY

+31.3% YoY

+69.0% YoYLDO Space +

Telespazio

TAS

flatYoY(€m)

581 58 107 (15)731 Before IDV contribution

+6.7% YoY

Helicopters Aeronautics Cyber &

SecuritySpace

12 © 2026 Leonardo - Società per AzioniFOCF up 45% YoY , driven by profitability and internal actions

(0.03)0.24

(0.38) (0.48)

(0.41)(0.23)H1 2025 H1 2026 (€bn) Cash flows used in operating activities Cash flows from ordinary investing activitiesQ 2 / H 1 2 0 2 6 R e s u l t sBefore IDV contribution +45% YoY•Strong improvement vs 2025, benefitting from solid operating performance and actions to make the trend more linear •Negative, in line with usual business seasonality, including NH90 settlement and higher tax cash -out, as expected

13 © 2026 Leonardo - Società per AzioniIveco Defence business (IDV): accretive, with integration on trackQ 2 / H 1 2 0 2 6 R e s u l t s Note: IDV has been consolidated since 1st of April 2026Q2/H1

ORDERS (€bn) 0.67

REVENUES (€bn) 0.36

EBITA (€bn)

ROS (%)0.05

13.7%

FOCF (€bn) (0.02)BACKLOG (€bn) 6.16

Good export commercial momentum with major orders from Romania (860 High -Mobility Military Tactical trucks) and for Spain (34 8x8 SUPERAV) Progress in line with expectations across all the businesses Favorable mix led to strong profitability FY2026 FOCF will benefit from Q1 not being consolidated, as it was strongly negative 9M 2026 FOCF is not indicative of full -year cash generation Integration activities on track under the coordination of an integrated project team, with most of the Transition Service Agreements to be closed by year end

14 © 2026 Leonardo - Società per Azioni 1. Including hedging derivatives related to debt items and related parties, excluding joint ventures 2. Rating and outlook confirmed on 4th June 2026 H1 2026 Cash and cash equivalents (1.0) Bonds and Bank debt 1.9 Other borrowing / (loans)1 -

Group net debt, excluding lease liabilities and net payables to joint

venture0.9

Borrowings / (loans) to joint venture 1.8 Lease liabilities 0.6 Group Net Debt 3.2(€bn) 1.00.21.60.4 3.2Group Net Debt at € 3.2 bn after IDV acquisition

CREDIT RATING

Moody’s

FitchBaa2 / Positive Outlook BBB / Stable Outlook2As of today Baa3 / Positive Outlook BBB- / Positive OutlookBefore last review

April 2026

August 2025Date of review S&P BBB / Positive Outlook BBB / Stable Outlook April 2026Q 2 / H 1 2 0 2 6 R e s u l t s 1 2 3 4 5IDV acquisition 31 Dec 2025 30 Jun2026 Free

Operating

Cash FlowAcquisitions

and

DisposalsDividends

and

Other

15 © 2026 Leonardo - Società per AzioniQ 2 / H 1 2 0 2 6 R e s u l t s Update on M&A: expanding in US with the acquisition of Raft 1.Capex, including capitalized development costsLeonardo Shareholder Return (30-40% of adj. net income )Inorganic Growth (other than Iveco Defence )Organic Growth1 (5.5% of cumulated revenues).Prioritized Capital Deployment for thenext 3years (2026 -2028)

~€1.8Bn

~€1.3Bn

~€6.8Bn+

+ =In line with the Capital Allocation presented in the Industrial Plan 2026 – 2030, the Group is continuing in delivering its inor ganic growth strategy • Closing expected in Q4 2026 • The acquisition strengthen Leonardo DRS capabilities in multi -domain data fusion and AI, supporting real -time situational awareness and operational decision -making, with potential benefit for the whole Leonardo Group• Leonardo DRS signed the acquisition of Raft in an all -

cash transaction valued at $ 450 million

~€3.7Bn

Note: Founded in 2018 and headquartered in McLean, Virginia, Raft is a leading provider of open -

standard mission software, specializing in multi -domain data fusion and artificial intelligence that enable real -time awareness and faster operational decision -making for U.S. government and defense customers. Raft’s operator -focused, software -first products fuse and stream data and enable trusted human -AI partnership from the tactical edge to the enterprise.

16 © 2026 Leonardo - Società per AzioniQ 2 / H 1 2 0 2 6 R e s u l t s Note: Exchange rate assumptions: €/$= 1.18 and €/ £ = 0.86 Based on the current assessments of the impacts of the geopolitical situation on supply chain, inflationary levels and the gl obal economy, subject to any further significant effects 1. Excluding cash outflows related to the acquisition of Iveco Defence Vehicles; 2. Does not include Raft Leonardo DRS announced acquisition or additional M&A transactions Guidance confirmedGuidance updated

LDO FY 2026

Guidance 9-months IDV contributionPrevious Group FY 2026

Guidance

(inc. IDV contribution)New Group FY 2026

Guidance

New Orders c. 25.0 c. 1.2 c. 26.2 c. 28.2 Revenues c. 21.0 c. 1.1 c. 22.1 c. 22.1 EBITA c. 2.03 c. 0.12 c. 2.15 c. 2.21 FOCF c. 1.1 c. 0.22 c. 1.32 c. 1.37 Net Debt c. 0.81 n.a. c. 2.32c. 2.22 (€bn)Asof 6th May 2026FY 2026 Guidance upgraded

Introduction Lorenzo Mariani , Chief Executive Officer & General Manager H1 2026 Results Giuseppe Aurilio, Chief Financial Officer Q&A AppendixQ 2 / H 1 2 0 2 6 R e s u l t s

Introduction Lorenzo Mariani , Chief Executive Officer & General Manager H1 2026 Results Giuseppe Aurilio, Chief Financial Officer Q&A AppendixQ 2 / H 1 2 0 2 6 R e s u l t s

19 © 2026 Leonardo - Società per AzioniLeonardo at GlanceA P P E N D I X Workforce across the world

Italy United

KingdomUnited

StatesPoland Rest of the

world

(2025 data)KEY FIGURES

38,320 9,362 7,809 3,301 3,97062,762

People131

Sites

worldwide150

Countries with

a commercial

presenceDivisionsLeonardo is a leading industrial group that builds technological capabilities in Aerospace, Defence & Security.

The company plays a prominent role in major international strategic programs and is a trusted technological partner of governments, defence agencies, institutions and enterprises.

ELECTRONICSHELICOPTERS

SPACE CYBER & SECURITY

AERONAUTICS

AEROSTRUCTURES AIRCRAFT

20 © 2026 Leonardo - Società per AzioniH1 2026 ResultsA P P E N D I X (€m)Q1 2025 Q1 2026 % Change Q2 2025 Q2 2026 % Change H1 2025 H1 2026 % Change New Orders 6,886 9,002 +30.7% 4,357 7,257 +66.6% 11,243 16,259 +44.6% Backlog 46,184 56,805 +23.0% 45,030 58,581 +30.1% 45,030 58,581 +30.1% Revenues 4,159 4,448 +6.9% 4,760 5,555 +16.7% 8,919 10,003 +12.2%

EBITA 211 281 +33.2% 370 499 +34.9% 581 780 +34.3%

RoS 5.1% 6.3% +1.2 p.p. 7.8% 9.0% +1.2 p.p. 6.5% 7.8% +1.3 p.p.

EBIT 189 263 +39.2% 243 398 +63.8% 432 661 +53.0%

EBIT Margin 4.5% 5.9% +1.4 p.p. 5.1% 7.2% +2.1 p.p. 4.8% 6.6% +1.8 p.p.

Adj. Net Result 115 184 +60.0% 158 292 +84.8% 273 476 +74.4%

Adj. EPS 0.167 0.281 +68.3% 0.235 0.452 +92.3% 0.402 0.733 +82.3%

FOCF (580) (411) +29.1% 172 162 (5.8)% (408) (249) +39.0%

Group Net

Debt2,125 3,049 +43.5% 2,173 3,248* +49.5% 2,173 3,248* +49.5% Headcount 60,288 65,455 +8.6% 61,265 66,510 +8.6% 61,265 66,510 +8.6% *Includes outflow for IDV business acquisition of approximately €1.6 bnIncl. IDV contribution

21 © 2026 Leonardo - Società per AzioniA P P E N D I X

780661

476

273(119)

(45)

(160)20

Non-recurring

costs and PPAFinancial expensesTaxes H1 2026

Adjusted Net

ResultH1 2025

Adjusted Net

ResultH1 2026

EBITH12026

EBITAH1 2026 – from EBITA to Adjusted Net Result

(€m)

•Net Adjusted Income +74% vs H1 2025, driven by lower non -recurring costs and improved operating performanceAdjustments+34.3%

YoY+53.0%

YoY+74.4%

YoY

22 © 2026 Leonardo - Società per AzioniSolid Group liquidity ensures adequate financial flexibilityA P P E N D I X As at 30 June 2026, Leonardo had sources of liquidity available for a total of about € 4.2 bn to meet the financing needs of the Group’s, broken down as

follows:

•Cash in -hands equal to € 1.0 bn •New ESG Revolving Credit Facility (RCF) equal to € 1.8 bn •Existing unconfirmed credit lines equal to € 0.9 bn •Leonardo DRS Revolving Credit Facility equal to € 0.4 bn

Cash &

Equivalents1.0

ESG linked RCF

20251.8

Unconfirmed

Credit Lines0.9

Available liquidity≈ 4.2

DRS RCF 202 50.4

(€bn)

23 © 2026 Leonardo - Società per AzioniDebt maturity profileA P P E N D I X

(€m)

EIB

Term Loan

New Term Loan ESG -linked New EIB Loan “Sustainability -Linked” Around 80% of Leonardo funding sources are «ESG -linked»

24 © 2026 Leonardo - Società per AzioniDefence Electronics & SecurityA P P E N D I X 2022 2023 2024 2025 Electronics -EU (€m) Leonardo DRS ($m)553 588 670 738 265 273325 381 11.7%13.4%14.5%

9.8% 9.7%10.0%

2022 2023 2024 2025 Electronics EU (€m) Leonardo DRS ($m)4,712

4,3794,6165,144

2,6932,8263,2343,648

2022 2023 2024 2025 Electronics EU (€m) Leonardo DRS ($m) FY 2025 Revenues by segmentFY 2022 -2025 Results Orders (€m) Q2 26 Results

ELECTRONICS -EU

€mQ22025 Q2 2026 % Change Orders 1,585 2,184 +37.8% Revenues 1,227 1,408 +14.8%

EBITA 169 187 +10.7%

RoS 13.8% 13.3% (0.5) p.p.

LEONARDO DRS

€m Q2 2025 Q2 2026 % Change Orders 745 932 +25.1% Revenues 729 784 +7.5%

EBITA 69 93 +34.8%

RoS 9.5% 11.9% +2.4 p.p.

61%39%

Electronics EU Leonardo DRSLeonardo DRS Q2 2026 Earnings

Call

* 2022 figures including Cyber* **5,6285,8866,4156,916

3,1563,5164,0774,24514.3%

10.4%Revenues (€m) EBITA (€m) and ProfitabilityBefore IDV contribution Avg. exchange rate €/$ @ 1.167 in H1 2026; Avg. exchange rate €/$ @ 1.093 in H1 2025

25 © 2026 Leonardo - Società per AzioniHelicoptersA P P E N D I X

6,0605,5135,867

2022 2023 2024 20254,5474,7255,249 2022 2023 2024 2025Orders (€m) Revenues (€m) EBITA (€m) and Profitability 415 422 465 523 9.1% 8.9%8.9% 2022 2023 2024 2025 58% 42% OE CS&TFY 2025 Revenues by customer FY 2025 Revenues by segment€mQ2 2025 Q2 2026 % Change Orders 1,034 1,847 +78.6% Revenues 1,530 1,597 +4.4%

EBITA 132 134 +1.5%

RoS 8.6% 8.4% (0.2) p.p.

63% 37%

Defence/Governmental

Civil

1. OE: Original Equipment 2. CSS&T : Customer Support, Services & Training 1 2Deliveries by programme

AW 109/ AW 119 26 19

AW 139 27 34

AW 169 12 13

AW 189 4 13

AW 149 - 2

NH 90 2 -

AW 101 1 -

Deliveries 72 81H1 2026 H1 2025 CSS&T2FY 2022 -2025 Results Q2 26 Results

6,1665,8339.0%

26 © 2026 Leonardo - Società per AzioniAeronautics: AircraftA P P E N D I X 2025 Revenues by segmentOrders (€m) 66% 34%

OE CS&T2,800

2,3953,141

2022 2023 2024 20253,085 2,9383,166 2022 2023 2024 2025421 419 429 460 13.6% 14.3% 2022 2023 2024 202513.6% 1. OE: Original Equipment 2. CSS&T : Customer Support, Services & Training 1 2

* 2024 figures for the Aeronautics Sector have been restated as, starting from 2025 , they include the Global Combat Air programme (GCAP) within Aircraft & Service, which in 2024 was reported under Other Activities * * * CSS&T2FY 2022 -2025 Results Q2 26 Results €mQ2 2025 Q2 2026 % Change Orders 655 1,331 +103.2% Revenues 905 824 (9.0)%

EBITA 113 108 (4.4)%

RoS 12.5% 13.1% +0.6 p.p.5,0223,58912.8% FY 2025 Revenues by Segment Revenues (€m) EBITA (€m) and Profitability

27 © 2026 Leonardo - Società per AzioniAeronautics: Aerostructures & ATRA P P E N D I X FY 2025 Revenues by segment420 644 692 909 2022 2023 2024 2025475 636 746 745 2022 2023 2024 2025-183 -163 -168 -134 -6 12 17 0

(38.5%)(25.6%)(22.5%)(18.0%)

2022 2023 2024 2025

Aerostructures

ATRAerostructures

€mQ2 2025 Q2 2026 % Change Orders 201 187 (7.0)% Revenues 184 259 +40.8%

EBITA (40) (21) +47.5%

RoS (21.7)% (8.1)% +13.6 p.p.

ATR €mQ2 2025 Q2 2026 % Change EBITA (15) 1 n.a.

35%

9%21%15%10%10%787

767

Airbus

ATR

Military

OtherFY 2022 -2025 Results Q2 26 Results Orders (€m) Revenues (€m) EBITA (€m) and Profitability

28 © 2026 Leonardo - Società per AzioniCyber & Security SolutionsA P P E N D I X EBITA (€m) and Profitability 36 49 80

6.1%7.6%10.0%

2023 2024 2025 Q2 26 Results €mQ2 2025 Q2 2026 % Change Orders 233 231 (0.9)% Revenues 191 219 +14.7%

EBITA 18 24 +33.3%

RoS 9.4 % 11.0% +1.6 p.p.Orders (€m)

6928831,052

2023 2024 2025Revenues (€m)

594648798

2023 2024 2025FY 2023 -2025 Results

29 © 2026 Leonardo - Società per AzioniSpaceA P P E N D I X FY 2023 -2025 Results €mQ2 2025 Q2 2026 % Change Orders 220 234 +6.4% Revenues 236 272 +15.3%

EBITA 13 10 (23.1)%

RoS 5.5% 3.7% (1.8) p.p.7639571,047 2023 2024 20257019061,007 2023 2024 20256680 82 54

3159

2023 2024 2025Space Division Space Division (incl TAS) Q2 26 ResultsRevenues (€m) Orders (€m) EBITA (€m)

30 © 2026 Leonardo - Società per AzioniHitting records in ESG ratingsA P P E N D I X Highest A&D score among 86 Cos.Highest A&D score among 99 Cos.

A-list member

(top 4% of >20,000 Cos. globally)Top 5% of >130,000 Cos. globally and Top 2% of the industry

Comparable to

A&D benchmarks

*Avg.A&D Cos. in DJBIC 2026 World3rd out of 113 A&D Cos .

Leonardo score

Sector Avgscore

Asof June 2026

31 © 2026 Leonardo - Società per AzioniSAFE HARBOR STATEMENT NOTE : This Presentation contains certain forward -looking statements . Some of the statements included in this Presentation concern future circumstances and results and are not historical facts, but rather statements of future expectations, also related to future economic and financial performance . Such statements should be regarded solely as opinions and forecasts reflecting the Company's current views regarding future events, plans, estimates, projections and expectations .

These forward -looking statements are made as of the date of this Presentation and are based on current expectations, reasonable assumptions and projections regarding future events . By their nature, they involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements . Accordingly, these forward -looking statements are subject to risks and uncertainties and therefore should not be regarded as guarantees of future performance .

Should any of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, Leonardo may not be able to achieve its financial targets or strategic objectives . A wide range of factors, many of which are beyond the Company's control, could cause actual results or events to differ significantly from those anticipated .

The following factors, among others, could affect these forward -looking statements : the ability to obtain or the timing of obtaining future government awards ; the availability of government funding and customer requirements both domestically and internationally ; changes in government or customer priorities due to program reviews or revisions to strategic objectives (including changes in priorities to respond to terrorist threats or to improve homeland security) ; difficulties in developing and producing operationally advanced technology systems ; the competitive environment ; economic business and political conditions domestically and internationally ; program performance and the timing of contract payments ; the timing and customer acceptance of product deliveries and launches ; our ability to achieve or realise savings for our customers or ourselves through our global cost-cutting program and other financial management programs ;

and the outcome of contingencies (including completion of any acquisitions and divestitures, litigation and environmental remediation efforts .

The factors listed above are only some of the many factors that may affect the forward -looking statements contained in this Presentation . Such statements speak only as of the date of this Presentation and are subject to change without notice .

Accordingly, in light of these uncertainties, readers are cautioned not to place undue reliance on any forward -looking statements, including, without limitation, any projections, estimates, forecasts or targets contained herein, and should not rely on forward -looking statements as Leonardo makes no representation or warranty, express or implied, that actual results will conform to those projected, expressed or implied in these forward -looking statements .

This Presentation does not constitute a recommendation regarding the securities of the Company, nor does it constitute an offer to sell or a solicitation of an offer to purchase any securities issued by Leonardo or any of its Group companies, or any other financial assets, products or services .

The Company undertakes no obligation to revise or update any forward -looking statements as a result of new information since these statements may no longer be accurate or timely

Please avoid printing this colourful slide. Let’s save the planet together .Thank you for your attention Investor Relations and Market Analysis

ir@leonardo.com