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The next generation of defense winners could increasingly resemble software and AI companies instead of conventional arms manufacturers Recent weakness in European defense stocks reflects both a rotation into AI stocks and more selective investors, according to market watchers.

Italian defence group Leonardo is preparing to ‌increase its stake in the company that manages cloud services for Italy's public administration by acquiring an additional 10% from state-owned IT company Sogei, sources told Reuters.

MMM's long-term Airbus deal to supply A220 insulation systems aims to boost aircraft efficiency and passenger comfort.

Italian defence and aerospace company Leonardo and Abu Dhabi's EDGE group have detailed ​plans for a joint venture targeting ‌over 4 billion euros in orders over five years, the companies said on Wednesday at a ​Paris event.

Italy's government has given conditional approval to the joint venture between state-controlled defence ​group Leonardo and Turkey's Baykar to produce ‌unmanned aerial vehicles (UAVs), a source told Reuters on Wednesday.