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Tag Archives: Finmeccanica

Report: Former Unicredit CEO Alessandro Profumo to Succeed Mauro Moretti as Leonardo CEO

Alessandro Profumo, former CEO of Italian bank Unicredit, has been tapped by the Italian government to succeed Mauro Moretti as CEO of Leonardo, Defense News reported Saturday. A spokesman for Italy’s finance ministry told Defense News that Profumo will work to support the state-controlled defense contractor’s business development efforts in the …

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Leonardo Buys Remaining Sistemi Dinamici Shares in Unmanned Tech Portfolio Expansion Push

Leonardo, then Finmeccanica, has purchased the remaining 60 percent of shares in Pisa, Italy-based Sistemi Dinamici from systems engineering firm IDS for an undisclosed sum in a strategy to expand Leonardo’s portfolio of unmanned systems. The transaction includes the acquisition of Sistemi’s SD-150 Hero unmanned helicopter program and will allow Leonardo to combine its …

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HDT Global Buys DRS Environmental Systems in Ground Support Portfolio Expansion Strategy

Solon, Ohio-based expeditionary shelter systems provider HDT Global has purchased the assets of DRS Environmental Systems for an undisclosed sum in a push to expand the former’s mobile aircraft ground platforms, environmental control units and mobile enclosure product offerings. The transaction will allow HDT Global to include two DESI facilities …

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BAE to Enter Potential 10-Year $3B Partnership for UK Typhoon Fleet Support

BAE Systems will sign a potential 10-year, $2.8 billion agreement with the U.K.’s ministry of defense to support the country’s Typhoon fleet in partnership with the U.K. air force and Leonardo-Finmeccanica. BAE Systems said Tuesday the formal Typhoon Total Availability Enterprise agreement will establish a single program to consolidate contracts with suppliers across Europe and build …

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Finmeccanica-Led Group Wins $670M Italy Digital Security Contract; Mauro Moretti Comments

A consortium led by Finmeccanica has received a $669.7 million contract to supply digital security and security services to Italy’s public offices as part of an effort to standardize digital security in public administrations. The consortium that comprises IBM Italia and Fastweb won the contract through Italy’s central purchasing body Consip to provide cloud …

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The Telegraph: UK Eyes Boeing for $2.9B Apache Helicopter Contract

The U.K.’s ministry of defense could award a $2.9 billion contract for the purchase of 50 Apache helicopters to Boeing (NYSE: BA), The Telegraph reported Saturday. Alan Tovey writes MoD could issue the procurement and servicing contract to the U.S. company at the Royal International Air Tattoo military air show in July. “The Apache program …

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Finmeccanica Secures Potential $335M Italian Aermacchi M-346 Contract

Finmeccanica has received a potential $335 million contract from Italy’s ministry of defense for the addition of nine Aermacchi M-346 aircraft to be operated by that country’s air force. With the contract, Italy increased its order of M-346 aircraft to 18 with deliveries scheduled to start within this year and end by 2018, Finmeccanica said Tuesday. Grazia Nunnari, …

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Weekly Roundup Feb. 22 – Feb. 26 2016: GD’s Robotics Buy Keeps Tech M&A Wheels Turning & more

Feb. 22 – Feb. 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Consolidation among the large players the government services market have been well-documented in spaces such as these but the product makers in GovCon also have been in on the M&A …

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Gene Colabatistto: CAE to Bring Simulation Tech for Raytheon-Led Team’s T-X Program Bid

TYSONS CORNER, VA, February 24, 2016 — Raytheon (NYSE: RTN) has officially unveiled that its teaming arrangement with CAE (NYSE: CAE), Finmeccanica and Honeywell (NYSE: HON) will offer the T-100 trainer aircraft for the U.S. Air Force‘s T-X program, ExecutiveBiz reported Tuesday. Raytheon said Monday T-100 is based on the Aermacchi …

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Weekly Roundup Nov 16 – Nov 20 2015: A Post-Paris Look at the Global Arms Trade & More

Weekly Roundup Nov 16 – Nov 20 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Investors made a sharp turn this week to defense and other government contracting stocks after the Friday Paris attacks in anticipation of increased activity in the global weapons market. The GovCon …

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