Leonardo and UTM Systems and Services merger approved

Leonardo SpA’s Board of Directors has approved the merger by incorporation of UTM Systems & Services S.r.l. into the company. 

The merger was also approved on September 26 by the Extraordinary Shareholders’ Meeting of UTM. 

“Once the statutory deadlines have expired, the merger deed will be signed, with effect – also for accounting and tax purposes – starting from 1st January 2025,” Leonardo said in a press statement.