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Italy's Leonardo signs €320 million Kuwait navy contract

MILAN, May 20 (Reuters) - Italian aerospace and defence group Leonardo LDOF.MI has signed a €320 million ($371.10 million) contract with Abu Dhabi Ship Building ADSB.AD, the naval division of Emirati defence group EDGE, to provide naval combat systems for the Kuwait navy.

The agreement strengthens cooperation between the two groups and is a further step in creating a future joint venture, Leonardo said in a statement on Wednesday.

Collaboration between the companies has already led to delivery of more than 25 vessels.

The next-generation systems are for the Falaj 3 configuration of Kuwait's Al Dorra missile boat programme.

Leonardo's naval combat management, long-range surveillance and missile defence systems are used by more than 100 navies worldwide.($1 = 0.8623 euros)

 (Reporting by Alessia Pe'
Editing by Giulia Segreti and David Goodman)

 ((alessia.pe@thomsonreuters.com; +390680307742;))

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