Home / Tag Archives: Mauro Moretti

Tag Archives: Mauro Moretti

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »