Leonardo has agreed to sell the air traffic management business of its Selex ES subsidiary to an Indra Sistemas company for an undisclosed sum under a sales transaction that is expected to close in the first quarter of 2023.
ATM focuses on developing, producing and offering en route navigation and surveillance technologies as well as precision approach and landing systems to U.S. military and civil aviation customers, Leonardo said Monday.
The stand-alone business of Overland Park, Kansas-based Selex ES will be sold to the Indra Air Traffic subsidiary of the Spanish information technology and defense systems company.
Stephens serves as financial adviser to Leonardo and Selex ES while Hunton Andrews Kurth works as legal adviser for the transaction.
Aside from ATM activities, Selex ES develops and manufactures technologies needed by airport authorities, global air navigation service providers, military and government organizations as well as commercial and industrial operators.