Leonardo Forms New Joint Venture in Brazil

 - February 12, 2020, 4:38 PM

Leonardo and Brazil’s Companhia de Desenvolvimento de Maricá (Codemar) have created joint-venture Leonardo&Codemar S.A. to deliver urban security, new infrastructure, and helicopter-based services. “The joint venture will focus on delivering systems and services for the security, resilience, and protection of populations and territories and will prove how space, cyber and digital, aeronautical, and unmanned technologies can contribute to development,” said Leonardo CEO Alessandro Profumo.

According to the companies, the joint venture will provide innovative products and services to the Brazilian municipality of Maricá, which is set to become a primary logistic base for oil and gas operations nationwide. As such, it is a large potential market for related businesses, as well as a substantial tourist and residential development, facilitated by its proximity to Rio de Janeiro.

Leveraging Codemar’s local knowledge, the joint venture aims to partner with Maricá municipality on projects and services and gain access to similar opportunities throughout Latin America.