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Tag Archives: Finmeccanica

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

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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

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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

Gene Colabatistto

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

MissileLaunchStock

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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Lockheed Orders Selex Precision Lasers for F-35 EOTS

F-35

TYSONS CORNER, VA September 21, 2015 — Lockheed Martin (NYSE: LMT) has ordered 165 Selex precision ranging and targeting lasers for the F-35’s electro-optical targeting system, ExecutiveBiz reported Friday. The follow-on contract expands the business partnership at the same time the Finmeccanica company’s lasers manufacturing facility in Edinburgh, Selex said Tuesday. …

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Financial Times: Finmeccanica Halts DRS Sale Plan

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Finmeccanica no longer plans to sell its DRS Technologies subsidiary as the Italian defense and industrial conglomerate holds a positive outlook in the defense sector for the rest of this year, Financial Times reported Sunday. Peggy Hollinger writes Finmeccanica also is not searching for a U.S. partner to purchase a stake in DRS but …

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DRS Lands Potential $440M in Navy Submarine Electronic, Comm Tech IDIQs

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DRS Technologies will build new electronic equipment and update voice communications systems on U.S. Navy vessels under two contracts worth up to $440 million combined. The Finmeccanica subsidiary said Wednesday one of those indefinite-delivery/indefinite-quantity contracts it signed with the Navy will move the company into a prime contractor role with the service …

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Reuters: Finmeccanica Taps US Investment Bank to Help Offer DRS Pieces for Sale

Eagle-Vision

U.S. investment bank Jefferies Group LLC will send out invitations next week in an effort to seek out potential offers for selected business units of U.S. defense contractor DRS Technologies, Reuters reported Tuesday. Pamela Barbaglia and Mike Stone report that Italian conglomerate Finmeccanica, DRS’ owners, have identified its aviation and logistics …

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Report: Airbus Seeks Majority Stake of MBDA

MissileDefense

Airbus wants to buy Finmeccanica’s 25 percent share of European missile company MBDA, Reuters reported Monday. Airbus plans to bolster its 37.5 percent stake at MBDA after Finmeccanica announced sale of its share, Alexandre Boksenbaum-Granier and Valentina Za report, citing a report from Britain’s Sunday Times. Analysts estimate Finmeccanica’s MBDA …

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Report: Finmeccanica Plans Sale of $224M in DRS Assets

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Finmeccanica is looking to divest approximately $224 million worth of assets in DRS Technologies this year, Defense News reported Tuesday. Tom Kington writes Finmeccanica announced the divestment plan as the Italian conglomerate unveiled a revised earnings guidance and an industrial strategic plan. Last summer, Mauro Moretti, Finmeccanica CEO, said he …

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