Finmeccanica–Selex ES Completes Tactical Technologies Buy

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Finmeccanica-Selex ES moved to grow its electronic warfare offerings with the acquisition of Tactical Technologies Inc., a provider of EW analysis software and services. Finmeccanica will integrate TTI’s offerings into its EW portfolio under the same brand, Finmeccanica said Wednesday. Ottawa, Canada-based TTI provides off-the-shelf and bespoke tactical engagement simulation software...

William Lynn: Navy to Buy DRS C2 Hardware for Carriers, Amphibious Ships

William Lynn
William Lynn DRS Technologies has received a $31.8 million contract from the U.S. Navy to provide command-and-control hardware for Ship Self-Defense System Mark 2 systems installed on amphibious assault ships and aircraft carriers. The company said Wednesday the indefinite-delivery/indefinite-quantity contract covers production, testing and shipping of hardware products such as interface devices...

Report: Finmeccanica CEO Mauro Moretti Could Mull DRS Sale

Mauro Moretti
Mauro Moretti Italian defense and aerospace conglomerate Finmeccanica could be considering a sale of its DRS Technologies as part of an organization-wide restructuring initiative, Defense News reported Monday. Mauro Moretti, Finmeccanica CEO, told reporters at the Farnborough International Airshow Monday that his company would analyze potential synergies of core activities between DRS and the rest...

Report: Mauro Moretti Joins Finmeccanica as CEO

Mauro Moretti
Mauro Moretti Mauro Moretti, formerly CEO of Italian railway company Ferrovie dello Stato, has been appointed chief executive of aerospace and defense conglomerate Finmeccanica, Defense News reported Monday. Tom Kington writes the move comes as Italy’s government reshuffles management of large state-controlled companies under a directive from Prime Minister Matteo Renzi. Moretti is an electrical...

Lockheed Taps Selex ES to Help Test, Install Future NATO HQ Network

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Lockheed Martin (NYSE: LMT) has awarded a potential eight-year subcontract to a Finmeccanica subsidiary for testing and accreditation work on the network infrastructure for NATO’s future headquarters in Brussels, Belgium. Selex ES will help Lockheed go through NATO’s security accreditation process and help install new systems for wireless voice and data communications, Selex ES said Thursday. NATO...

Cisco, Finmeccanica Form Defense and Civil Market Alliance

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Cisco (NASDAQ: CSCO) and Finmeccanica have agreed to combine both companies’ technology offerings for the defense and civil customers in an effort to pursue business opportunities in the systems integration market worldwide. Finmeccanica’s industry services will be integrated with Cisco’s information technology, networking and communications technologies in order to jointly develop services...

Finmeccanica Subsidiary Wins $141M for Lockheed F-35 Wings

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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 for production tools. Alenia will build...

John Pranzatelli Promoted to MBDA Inc. President

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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 and Finmeccanica own shares in MBDA Group, which...

GE Buying UK Private Equity Firm’s Aviation Segment for $4.3B; David Joyce Comments

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 subsidiary are ramping up production. U.K.-based...

Northrop, DRS Parent Win $67M NATO Cyber Contract

Northrop Grumman Corp. (NYSE: NOC) and DRS Technologies‘ parent company Finmeccanica won a $67 million NATO contract for cybersecurity and computer management services. NATO’s consultation, command and control agency awarded the contract. Northrop said the team will implement a computer incident response capability for 50 NATO websites in 28 countries from cyber threats and vulnerabilities. LinkedInTweet+1E-mail