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 ESEngineering Services will help Lockheed go through NATO’s security accreditation process and help install new systems for wireless voice and data communications,...

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.

William Lynn Confirmed to be New DRS CEO

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 to 2011. He also served as the Pentagon’s...

Report: Former Deputy Defense Sec. Lynn to Lead DRS Technologies

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 operations, according to Defense News. Finmeccanica...

Lockheed, Finmeccanica, Cobham Team to Work on Air Traffic Services Effort

Lockheed Martin, Finmeccanica – through its U.K. 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.K.’s Ministry of Defence. It will provide long-term air traffic management...

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