(Alliance News) - Leonardo Spa on Wednesday announced a new partnership with Agenzia Industrie Difesa aimed at strengthening technological and operational innovation in the defense and security sector.

The focus of the partnership will be the joint development, as a priority for Italian Defense, of conventional 155 mm artillery munitions.

This collaboration, which will last 18 months and may be further renewed, aims to leverage the skills and resources of both organizations to develop advanced solutions aimed at improving the operations of the Italian Armed Forces, and to increase national production capacity in parallel with the existing supply chain, the company explained in a note.

Already for a decade, the two organizations have joint activities in the production and marketing of conventional and guided ammunition for 76 mm, 127 mm and 155 mm calibers.

On Wednesday, Leonardo closed in the green by 2.6 percent at EUR23.03 per share.

By Claudia Cavaliere, Alliance News reporter

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