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 Finmeccanica, Tom Kington reports.
Kingston writes that Moretti described some of DRS’ work as aÂ âa series of small activitiesâ that could be sold offÂ ârapidly.â
Moretti told reporters he believes the planned consolidation of the companyâs core activities could help save 20 percent ofÂ costs, according to the report.
He added that Finmeccanica must shift its focus on developing new technologies, aerospace and defense systems.
Finmeccanica acquired DRS for $5.2 billion in 2008.