A pillar of European security. Italy remains a cornerstone of Europe’s defence industrial base, excelling in sectors such as aerospace, electronics, and shipbuilding, according to Area Studi Mediobanca’s latest analysis of the industry.

The report highlights the country’s highly diversified defence sector, structured as a pyramid with two state-controlled giants, Leonardo and Fincantieri, at the apex. These companies act as prime contractors in the most critical and high-value market segments. The second tier consists of mid-sized firms specializing in subsystems, while a network of small and medium-sized enterprises (SMEs) forms the broad base, showcasing Italy’s potential for innovation and excellence.