By Olivia Bugault

Leonardo SpA (LDO.MI) said Wednesday that it will jointly bid with aircraft and electronic-component provider Northrop Grumman Corp.'s (NOC) Australian team to offer the C-27J military aircraft as a replacement to the Royal New Zealand Air Force's aging C-130H military fleet.

The Italian aerospace-and-defense company said it signed a memorandum of understanding with Northrop Grumman to build on their existing partnership to offer the aircraft, manufactured by Leonardo.

Write to Olivia Bugault at olivia.bugault@dowjones.com

(END) Dow Jones Newswires

February 27, 2019 05:50 ET (10:50 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Leonardo (BIT:LDO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Leonardo Charts.
Leonardo (BIT:LDO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Leonardo Charts.