Leonardo's 2020 Helicopter Deliveries Fall 29 Percent | Aviation International News

Leonardo's 2020 Helicopter Deliveries Fall 29 Percent

Leonardo delivery drop offset by increased military and support sales.

Military sales buffered Leonardo's 2020 revenue. (Photo: Leonardo Helicopters)

By Mark Huber • Contributor

March 12, 2021

Although unit deliveries plunged 29 percent last year, Leonardo Helicopters posted a 1.3 percent revenue decline and 11.1 percent reduction in earnings—to $4.75 billion and $455 million, respectively—versus 2019. Leonardo attributed the results to its continued strong military and government programs, which accounted for nearly two-thirds of its revenues in both 2020 and 2019. Driving revenue was large contracts for its TH-73A U.S. Navy trainer and NH90 from Germany and Qatar.

For the year, Leonardo delivered 111 helicopters, compared with 156 in 2019. Delivery declines in 2020 versus 2019 were widespread across all models including the company’s line of medium to super-medium twins. Deliveries of intermediate-twin AW139s fell from 69 to 48, medium-twin AW169s dropped from 30 to 14, and super-medium-twin AW189s plunged from 10 to just four. Deliveries of the company’s light singles and twins fared somewhat better, declining from 34 to 25.

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