Italian aerospace and defense conglomerate Leonardo has taken a significant step into the cybersecurity sector by acquiring a 24.55% stake in Finland's SSH Communications Security Corporation. This strategic investment, valued at approximately €20 million, positions Leonardo as the largest shareholder in SSH, surpassing Accendo Capital, which will retain a 20.87% stake post-transaction. The move underscores Leonardo's commitment to expanding its cybersecurity capabilities in an increasingly digital and interconnected world.

The partnership between Leonardo and SSH is set to leverage SSH's expertise in Secure Shell (SSH) protocol and Privileged Access Management (PAM) solutions, areas critical for securing digital communications and access to sensitive systems. SSH's global reputation and technological advancements, including quantum-safe encryption technologies, align with Leonardo's strategic objectives to enhance its cybersecurity offerings. This collaboration is expected to drive innovation in protecting critical infrastructure and digital assets against evolving cyber threats.

Roberto Cingolani, CEO and General Manager of Leonardo, highlighted the acquisition as a pivotal element of the company's industrial plan, aiming to establish Leonardo as a leader in the Zero Trust revolution in Europe. The deal not only expands Leonardo's international portfolio but also strengthens its position in the cybersecurity market, which is anticipated to experience double-digit growth in the coming years.

The transaction, subject to certain conditions, marks a significant milestone for both companies. For SSH, the investment by Leonardo opens new avenues for growth and collaboration in the defense sector, a market with compelling opportunities. For Leonardo, the stake in SSH represents a strategic move to bolster its cybersecurity business, reflecting the growing importance of cyber defense in modern warfare and security strategies. Together, Leonardo and SSH are poised to address the complex challenges of cybersecurity in an era of digital transformation and geopolitical tensions.

Scandinavian Airlines (SAS) has taken a significant step towards modernizing its fleet by placing a firm order for 45 Embraer E195-E2 aircraft, with options for an additional 10. This deal, valued at 25 billion kroner ($3.95 billion), marks the airline's largest investment since 1996 and underscores its commitment to enhancing regional connectivity across Scandinavia and beyond. The E195-E2, known for its fuel efficiency and reduced noise levels, is set to replace older models in SAS's fleet, aligning with the airline's sustainability goals and operational efficiency.

The announcement was made by SAS CEO Anko van der Werff during a press conference in Copenhagen, where he highlighted the strategic importance of the new aircraft in connecting smaller Scandinavian cities to the airline's intercontinental hubs. 'This order represents the strongest sign of our successful transformation,' van der Werff stated, emphasizing the role of the E195-E2 in SAS's broader mission to link Scandinavia with the world. The first deliveries are expected in 2027, with the aircraft primarily serving routes within the Nordic region.

This fleet expansion comes as SAS emerges from a challenging period marked by financial struggles and a Chapter 11 bankruptcy protection filing in July 2022, largely due to the impact of the Covid-19 pandemic on global travel. The airline completed its restructuring in August 2024, setting the stage for this significant investment in its future. The deal with Embraer not only revitalizes SAS's fleet but also strengthens its partnership with the Brazilian manufacturer, building on existing operations that include older E195 jets.

The E195-E2 order is a testament to SAS's resilience and forward-looking strategy, as it seeks to position itself as a leading carrier in the competitive aviation market. With the support of its main owners, including the Danish and Swedish states and Air France-KLM, SAS is poised to embark on a new chapter of growth and innovation. The airline's focus on sustainability, efficiency, and enhanced connectivity reflects its commitment to meeting the evolving needs of passengers and the demands of the modern aviation industry.