Search Results for: Finmeccanica

Leonardo-Finmeccanica, BAE Enter Potential $664M Agreement For UK Typhoon Avionics Support

BAE Systems and Leonardo-Finmeccanica have entered into an estimated $664 million arrangement to provide avionics support for the U.K.’s Typhoon fleet. Leonardo-Finmeccanica said Wednesday its airborne and space systems segment will work with BAE under the Joint Avionics Solution agreement to support Typhoon’s avionics equipment in the next decade. The arrangement will be part …

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Finmeccanica-Led Group Wins $670M Italy Digital Security Contract; Mauro Moretti Comments

A consortium led by Finmeccanica has received a $669.7 million contract to supply digital security and security services to Italy’s public offices as part of an effort to standardize digital security in public administrations. The consortium that comprises IBM Italia and Fastweb won the contract through Italy’s central purchasing body Consip to provide cloud …

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

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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Financial Times: Finmeccanica Halts DRS Sale Plan

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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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: Finmeccanica Plans Sale of $224M in DRS Assets

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 …

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Report: Finmeccanica CEO Mauro Moretti Could Mull DRS Sale

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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Martin Gee: Thales-Finmeccanica JV Makes Space Tech Push in Buy of SEA Business Unit

Thales Alenia Space has acquired the space business of U.K.-based software design and engineering services provider Systems Engineering & Assessment Ltd. for an undisclosed amount. The Thales Group–Finmeccanica joint venture seeks to grow its customer base and gain a foothold in the U.K. electronics and space mission technology market through …

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Report: Mauro Moretti Joins Finmeccanica as CEO

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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