Tag Archives: Leonardo

BAE Systems has announced plans to eliminate its U.K. and international platforms and services operating groups as part of a reorganization effort that will take effect on Jan. 1. The company said Tuesday it will consolidate its military air and information business, its interest in the MBDA joint venture as …

Terry DeRosa, formerly chief financial officer of IAP Worldwide Services, has been promoted to CEO at the Cape Canaveral, Florida-based government services contractor. IAP said Thursday DeRosa held the CFO role over the past three years and led the company’s expansion and stabilization efforts as part of a company-wide reorganization in 2014. …

Leonardo DRS has received an $82.3 million contract modification from the U.S. Army to supply forward-looking infrared thermal receiver units to five countries under a foreign military sales deal. The Defense Department said Thursday the company will provide Horizontal Technology Integration second generation receivers and A- and B-Kit components to Kuwait, Iraq, Egypt, Morocco and Saudi Arabia. Work …

Leonardo DRS has wrapped up its acquisition of quantum cascade laser platforms manufacturer Daylight Solutions for approximately $150 million. The transaction received regulatory approvals and clearance from Daylight Solutions’ stockholders, Leonardo said Monday. Leonardo DRS agreed to purchase 100 percent equity stake in Daylight Solutions in March in a move …

TYSONS CORNER, VA, May 8, 2017 — Lockheed Martin (NYSE: LMT), Leonardo and Italy’s defense ministry have rolled out the first short-takeoff/vertical-landing variant of the F-35 fighter jet assembled outside the U.S., ExecutiveBiz reported Friday. Lockheed said Friday it works with Leonardo to operate the Italian government-owned F-35 final assembly and …

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 …

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 …

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 …

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 …

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 …