Tag Archives: Leonardo

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 …

The State Department has cleared Kazakhstan's request to buy King Air B300ER Scorpion multimission aircraft along with related intelligence, surveillance and reconnaissance equipment from the U.S. government through a potential $128.1M foreign military sales transaction.

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.

Italy-based Leonardo said it intends to maintain control of U.S. defense subsidiary DRS even if the latter goes public, Reuters reported Thursday.

FlightSafety International's services business has won a potential $363.5M contract from the U.S. Navy to train military aviation students on the TH-73A Advanced Helicopter Training System at Naval Air Station Whiting Field in Milton, Fla.

The U.S. Navy has issued a request for information on potential vendors as it works on a new acquisition strategy for the potential $2.5B follow-on Consolidated Afloat Network Enterprise and Services contract, Bloomberg Government reported Friday.

A Leonardo subsidiary has resumed work on the U.S. Navy’s TH-119 helicopter trainer at its Philadelphia facility after the Government Accountability Office denied a protest of the potential $648.1M contract awarded in January, Vertical Magazine reported Thursday.

A 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.

Leonardo has made an investment in unmanned aircraft technology startup Skydweller Aero in a move to accelerate the deployment of the latter’s solar-powered drone platform.

A CAE (NYSE: CAE) subsidiary and Leonardo have signed a memorandum of agreement to provide helicopter training platforms and services for U.S. government and foreign military sales clients.