Italian Defense Giant Leonardo Expands into Cybersecurity with SSH Investment

01-07-2025


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.

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Nobel Officials Warn Trump Science Cuts Threaten US Research Dominance

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Nobel Prize officials in Sweden have issued a stark warning that Donald Trump's administration's cuts to scientific funding could jeopardize the United States' position as the world's leading research nation. According to officials from the Royal Swedish Academy of Sciences, the president's actions since taking office in January—including cutting billions in research funding, attacking academic freedoms, and overseeing mass layoffs of scientists across federal agencies—pose a significant threat to America's scientific dominance with potential global repercussions.

The United States currently leads all nations in Nobel science laureates, a position largely attributed to decades of sustained investment in basic science and strong academic freedoms. Hans Ellegren, secretary general of the Royal Swedish Academy of Sciences, which awards Nobel prizes in physics, chemistry, and economics, noted that "In the post-war period, the US has taken over Germany's role as the world's leading scientific nation. When they now start cutting research funding, it threatens the country's position." This assessment comes as Nobel Prize announcements approach next week in Stockholm and Oslo, where US-based researchers traditionally feature prominently among recipients.

Specific data from independent database Grant Watch reveals the scale of the funding reductions. Since January, the National Institutes of Health have terminated 2,100 research grants totaling approximately $9.5 billion, along with $2.6 billion in contracts. The affected research spans critical areas including gender studies, health effects of global warming, Alzheimer's disease, and cancer research. While efforts to restore some funding are reportedly underway, significant uncertainty persists about the long-term impact on these scientific initiatives.

The concerns extend beyond immediate funding cuts to broader implications for scientific progress. Thomas Perlmann, secretary general of the committee that awards the Nobel Prize for Medicine, emphasized that it was "no coincidence that the US has by far the most Nobel laureates," linking America's scientific success directly to its historical support for research. Additional fields facing potential impact include vaccine development, climate change research, and diversity, equity, and inclusion initiatives, raising questions about whether the current policy direction could trigger a broader scientific brain drain from American institutions.