Tag Archives: Leonardo

Leonardo Eyes IPO for US-Based DRS Subsidiary

Italy-based aerospace and defense conglomerate Leonardo is considering listing its U.S. subsidiary on the New York Stock Exchange through an initial public offering to potentially raise $2.54 billion, Reuters reported Saturday. According to newspaper Il Messaggero, the possible listing of Arlington, Virginia-based Leonardo DRS is intended to support the parent …

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TransDigm Strikes $965M Cash Deal for Cobham Aero Connectivity; Kevin Stein Quoted

Kevin Stein President and CEO TransDigm

TransDigm Group (NYSE: TDG) has agreed to acquire a Cobham subsidiary focused on providing antennas and radio systems for the aerospace end market. TransDigm will use existing cash on hand to finance the $965M acquisition of Cobham Aero Connectivity and expects the transaction to close during the third quarter of calendar year 2021, subject to regulatory clearances and other customary closing conditions.

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Leonardo Subsidiary Wins Potential $648M Navy Helicopter Trainer Production Contract

Leonardo subsidiary has won a potential $648.1M contract to build up to 130 helicopter trainers designed to replace the U.S. Navy's TH-57 Sea Ranger platform. AgustaWestland Philadelphia Corp. will initially manufacture and deliver 32 TH-73A aircraft under the contract base period, valued at $176.5M, the service branch said Monday.

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