# If Leonardo S.p.A. moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/leonardo · Facet: ripple · Updated: 2026-09-11T22:25:35.124478+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Leonardo S.p.A. is directly linked to 6 companies (3 supply, 0 revenue, 5 investment relationships) and reaches 13 companies within two hops; the links are backed by 13 dated sources, 1 of them primary filings (as of 2026-09-11).

Leonardo S.p.A. operates across Italy's state-anchored defense prime, spanning helicopters, defense electronics, aeronautics and space, with a US foothold through its Leonardo DRS subsidiary.. It is -9.3% in 2026. The stock (-9.3%) and its supply side (avg +10.2%) are moving in step. Among connected nodes the furthest ahead is RTX (+10.7%) and the furthest behind is GE Aerospace (+9.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. In space it forms the Space Alliance with Thales (Thales Alenia Space and Telespazio), and in 2025 it agreed with Airbus and Thales to combine space assets under Project Bromo.

## Supply chain (benefiting)
- T1 Airbus (https://valuechain.wiki/airbus.md)
- T2 Thales (https://valuechain.wiki/thales.md)
- T2 GE Aerospace (https://valuechain.wiki/ge-aerospace.md)
- T3 Howmet Aerospace (https://valuechain.wiki/howmet-aerospace.md)
- T2 RTX (https://valuechain.wiki/rtx.md)
- T3 L3Harris (https://valuechain.wiki/l3harris.md)
- T3 Northrop Grumman (https://valuechain.wiki/northrop-grumman.md)
- T3 MDA Space (https://valuechain.wiki/mda-space.md)
- T3 Hanwha Aerospace (https://valuechain.wiki/hanwha-aerospace.md)
- T3 Avio (https://valuechain.wiki/avio.md)
- T3 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T2 Voyager Technologies (https://valuechain.wiki/voyager-technologies.md)
- T3 Mitsubishi (https://valuechain.wiki/mitsubishi.md)
- T3 Palantir Technologies (https://valuechain.wiki/palantir.md)
- T2 Korea Aerospace Industries (https://valuechain.wiki/kai.md)
- T3 Lockheed Martin (https://valuechain.wiki/lockheed-martin.md)
- T2 ArianeGroup (https://valuechain.wiki/arianegroup.md)
- T2 Toray Industries (https://valuechain.wiki/toray-industries.md)
- T2 Parker-Hannifin Corporation (https://valuechain.wiki/parker-hannifin.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T2 TransDigm Group Incorporated (https://valuechain.wiki/transdigm-group.md)
- T3 BNY Mellon (https://valuechain.wiki/bny-mellon.md)
- T3 Goldman Sachs (https://valuechain.wiki/goldman-sachs.md)
- T2 Honeywell Aerospace Inc. (https://valuechain.wiki/honeywell-aerospace.md)
- T3 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T1 AMETEK, Inc. (https://valuechain.wiki/ametek.md)

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Full node: https://valuechain.wiki/leonardo.md · JSON: https://valuechain.wiki/leonardo.json