A Finmeccanica subsidiary has won a $141 million contract to build wings and related components for Lockheed Martin‘s (NYSE: LMT) F-35 fighter jet. Alenia Aermacchi is responsible for the Joint Strike Fighter program’s second wing production line, Finmeccanica said Thursday. The contract also includes $60 million, covering non-recurring activities... 

John Pranzatelli John Pranzatelli has been promoted to president of MBDA Inc., the U.S. operations of global missile systems maker MBDA Group. He will work with U.S. military customers and partners to develop new products and be responsible for growing the MBDA Group’s presence in the U.S. market, MBDA Inc. says on its website. BAE Systems, EADS... 

General Electric (NYSE: GE) has agreed to acquire the aviation business of Avio S.p.A., an Italy-based maker of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion. Bloomberg reports GE is making the acquisition in an attempt to gain more control over its supply chain as Boeing (NYSE: BA) and EADS‘ Airbus... 

Northrop Grumman Corp. (NYSE: NOC) and DRS Technologies‘ parent company Finmeccanica won a $67 million NATO contract for cybersecurityMeasures taken to protect a computer or computer system against unauthorized access or attack. and computer management services. NATO’s consultation, command and control agency awarded the contract. Northrop... 

William Lynn Italian aerospace and defense group Finmeccanica has confirmed that former Deputy Defense Secretary William Lynn has joined its DRS Technologies subsidiary as chairman and CEO. The company announced Lynn will succeed current Chairman and CEO Mark Newman, who is retiring. Prior to joining DRS, Lynn served as deputy defense secretary from 2009... 

Italian aerospace and defense group Finmeccanica is expected to appoint former Deputy Defense Secretary William Lynn as chairman and CEO of its DRS Technologies subsidiary, Defense News reports. If appointed, Lynn would replace Mark Newman, DRS’ chairman and CEO since 1995. Lynn would play a wide role in overseeing Finmeccanica’s U.S.-based... 

Lockheed Martin, Finmeccanica – through its U.KContract/Thousand. company SELEX Systems Integration – and Cobham have agreed to form Fusion Air Traffic Management, which will address Project MARSHALL. Formerly known as the Joint Military Air Traffic Services  program, MARSHALL is a major air traffic services project for U.KContract/Thousand.’s...