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Search Results for: Leonardo

Report: Former Unicredit CEO Alessandro Profumo to Succeed Mauro Moretti as Leonardo CEO

Alessandro Profumo, former CEO of Italian bank Unicredit, has been tapped by the Italian government to succeed Mauro Moretti as CEO of Leonardo, Defense News reported Saturday. A spokesman for Italy’s finance ministry told Defense News that Profumo will work to support the state-controlled defense contractor’s business development efforts in the …

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Leonardo to Buy Daylight Solutions Through $150M Equity Deal; Mauro Moretti Comments

Leonardo has agreed to buy 100 percent equity stake in quantum cascade laser platforms maker Daylight Solutions for approximately $150 million through its U.S. subsidiary DRS in a push to grow dual-use integrated technology offerings for civil and military clients. Mauro Moretti, CEO and general manager of Leonardo, said in a statement …

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Leonardo’s DRS Subsidiary to Lead New Air Force Trainer Contract Pursuit Team

Italy-based defense and aerospace conglomerate Leonardo has designated its U.S. subsidiary DRS as prime contractor for an industry team that will bid on the U.S. Air Force‘s T-X fighter pilot trainer contract. DRS said Wednesday it will collaborate with CAE USA and International Turbine Engine Company to build a ground-based training system and propulsion engines for the team’s T-100 Integrated …

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Raytheon, Leonardo Drop Out of T-X Trainer Program Partnership

Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, ” Defense News reported Wednesday. Aaron Mehta and Valerie Insinna write Leonardo said in a statement published Wednesday the firm has started to …

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Leonardo Awarded $330M UK Military Helicopter Support Contract

Leonardo has secured a potential five-year, $330 million contract from the U.K.’s ministry of defense to provide training and support services for 62 AW159 Wildcat helicopters of the British army and navy. The company said Monday that work on the Wildcat Integrated Support and Training contract will begin April 1 and covers aircraft safety management, …

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Leonardo Buys Remaining Sistemi Dinamici Shares in Unmanned Tech Portfolio Expansion Push

Leonardo, then Finmeccanica, has purchased the remaining 60 percent of shares in Pisa, Italy-based Sistemi Dinamici from systems engineering firm IDS for an undisclosed sum in a strategy to expand Leonardo’s portfolio of unmanned systems. The transaction includes the acquisition of Sistemi’s SD-150 Hero unmanned helicopter program and will allow Leonardo to combine its …

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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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GovCon Wire’s Weekly Roundup: DHS Cybersecurity Budget, “Detainer” Reports, Appointments and More

Weekly Roundup March 20 – March 24 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The 2018 fiscal year budget blueprint released by the Trump administration last week has continued to be a hot topic in the GovCon community, particularly its request for …

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Stavatti Aerospace to Pitch Javelin Trainer for Air Force T-X Competition

Stavatti Aerospace has announced plans to offer its Javelin military jet trainer and very light fighter aircraft to the U.S. Air Force‘s $16.3 billion T-X trainer program. The company said Friday the Javelin platform, which was derived from the Aviation Technology Group-built Javelin Mk-30 civil jet sportplane, will be offered as a potential replacement for the service branch’s …

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Northrop-BAE Team Stops Air Force T-X Trainer Contract Pursuit

Northrop Grumman (NYSE: NOC) and BAE Systems have ended a joint pursuit of the U.S. Air Force’s T-X trainer aircraft program, Breaking Defense reported Wednesday. “The companies have decided not to submit a proposal for the T-X Trainer program, as it would not be in the best interest of the companies and their …

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