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Tag Archives: Finmeccanica

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

DRS logo

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


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


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

Finmeccanica w border

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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Finmeccanica–Selex ES Completes Tactical Technologies Buy


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 to clients worldwide. The product works to ...

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

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 and peripheral systems. William Lynn, chief executive of DRS ...

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Report: Finmeccanica CEO Mauro Moretti Could Mull DRS Sale

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 of ...

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Report: Mauro Moretti Joins Finmeccanica as CEO

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 ...

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


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 ...

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Cisco, Finmeccanica Form Defense and Civil Market Alliance


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 ...

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