Industry - GiovanniDeGennaro,Leonardo-Finmeccanica'sPresident(photobyWikipedia)
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IndustryFinmeccanica sells Ansaldo: a slow victory or defeat after the turmoil?
Rome, Italy - Which fate awaits the two subsidiaries, and what is the future for its employees? We'll know in a few days...
A strategy without tactics is the slowest route to victory. Tactics without strategy are the uproar before defeat (Sun Tzu - The Art of War). It would not be difficult to associate this phrase to the... more
IndustryFinmeccanica disposals: approaching the agreement for AnsaldoBreda and Ansaldo Sts
Rome, Italy - Still no binding offer by the Japanese Hitachi
Last Saturday were published two interesting articles on "Il Sole 24 Ore" and "Corriere della Sera" on the issue of the sale of AnsaldoBreda and Ansaldo Sts. Disposals are defined by February: this... more
IndustrySelex ES: the reduction of staff decided in 2013 is still going on
Rome, Italy - Closed 24 sites on the 27 planned
Yesterday morning during the meeting between the management of Selex ES and union delegations of Fiom, Fim and Uilm has made state of work on the progress of the reorganization approved in 2013. The... more
IndustryDrs Technologies better suppliers of the Pentagon according to the "Report card"
Washington, Usa - The under-secretary of defense Kendall: "The companies get some feedback from us about how their performance is, relative to their peers”
Diffused by the Pentagon the "Report card" of the best suppliers for the defence. The period under investigation are last three years and aims to improve the way the Pentagon purchases. Matter of the... more
IndustryMoretti to "Finalncial Times": "3000 fewer employees"
Rome, Italy - "When I can present the first robust balance sheet, based on strong figure, then I can change the brand"
Interviewed by "Financial Times", the CEO of Finmeccanica Mauro Moretti spoke once again of the business plan and the renewal of the Group with state participation. He said to want to reduce the number... more
IndustryFinmeccanica hearing, Moretti: "Since I’m charge the stocks are flying"?
Rome, Italy - "I’m already ripe for retirement and it still not I’ll not be long"
Promise kept. The CEO of Finmeccanica Mauro Moretti is back in an informal hearing at Commission of productive activities to present the strategic lines of the Industrial plan (see for details AVIONEWS... more
IndustryGeneral Electric enters the helicopter market
Shannon, Ireland - The acquisition of Milestone Aviation Group is part of the expansion strategy of GE in the 2015
According to a statement diffused yesterday by General Electric, Capital Aviation Service (GECAS, a subsidiary of the same American company) bought for USD 1,7 billion Milestone Aviation Group, which is... more
IndustryAnsaldo (Finmeccanica). Chinese offer of 1,8 billions of Euro: within February the end
Rome, Italy - Waiting for a binding offer from Hitachi
The joint selling of AnsaldoBreda and Ansaldo Sts is going to the closing act, as confirmed by Finmeccanica’s CEO Mauro Moretti. After the strong commitment taken last Wednesday with the presentation o... more
Industry"The Wall Street Journal": perplexity on Finmeccanica
Rome, Italy - Too depending from the government and the cut to the military expenses: the criticality that Moretti will have to face
Kind of skeptical the analysis published today by “The Wall Street Journal” regarding the Finmeccanica’s Industrial Plan presentation yesterday in London. The document has been defined provocatively as “M... more
IndustryIs Finmeccanica flying towards the Rising Sun?
Rome, Italy - Hitachi in pole position for the purchase of Finmeccanica's transport division?
Mauro Moretti, Finmeccanica's CEO (photo Creatività e Broadcasting, FS Italiane) While Japan is in the throes of an economic crisis, Hitachi Rail, the transport division of Japanese colossus, Hitachi,... more
IndustryIs Finmeccanica flying towards the Rising Sun?
Rome, Italy - Hitachi in pole position for the purchase of Finmeccanica's transport division?
Mauro Moretti, Finmeccanica's CEO (photo Creatività e Broadcasting, FS Italiane) While Japan is in the throes of an economic crisis, Hitachi Rail, the transport division of Japanese colossus, Hitachi,... more
IndustryFinmeccanica-AnsaldoBreda: contract for new trains of Milan underground’s M4 line (Linate Airport)
Rome, Italy - For about 250 million Euro
Finmeccanica-AnsaldoBreda won a contract of about 250 million Euro for the supply of 47 driverless trains. The contract follows the signature of the agreement and the financing arrangements for line M4... more
IndustryFinmeccanica-Alenia Aermacchi: contract for the supply of two C-27J Spartan aircraft to Peruvian Air Force
Rome, Italy - The agreement also includes logistic support and technical assistance
On 31 December 2014, Finmeccanica-Alenia Aermacchi signed a contract, valued at around 100 million euro, with the Peruvian Ministry of Defense to supply two C-27J Spartan tactical airlifters. The contract,... more
IndustryAnsaldo’s sale: Insigma in Italy to illustrate its offer
Rome, Italy - The Chinese delegation met Finmeccanica’s top managers yesterday and will stay in Italy until Thursday
As reported by AVIONEWS, a Chinese delegation lead by the president of Insigma Group Li Chwen Pan is in Italy to get from Finmeccanica an exclusive negotiation for the purchase of AnsaldoBreda and Ansaldo... more
IndustryAnsaldo’s sale: Chinese delegation to arrive in Rome on Monday
Rome, Italy - Insigma Group, the only one to make a binding offer so far, will try to convince Moretti to close the deal
The sale of Finmeccanica’s railway transport sector can be close to a turning point. As reported by the Italian newspaper “Corriere della Sera”, a Chinese delegation lead by Insigma president and CEO L... more
IndustryFinmeccanica: year-end contracts in every business sector (airplanes, helicopters)
Rome, Italy - Four important agreements were signed: AA, AW, Selex ES and Ansaldo STS
End of the year characterized by new contracts for the Finmeccanica Group; in the last days of 2014 four important agreements in every sector of the Group's activities were signed. In the Aeronautic... more
IndustryAnsaldo’s sale. Year 2014 ended with no decision by Finmeccanica
Rome, Italy - Now the dismissing of the railway sector’s subsidiaries might overlap with the business plan presentation
Finmeccanica was supposed to take a decision on AnsaldoBreda and Ansaldo Sts sale by the end of last year. Or at least this was what the aerospace Group CEO Mauro Moretti guaranteed at the end of November.... more
IndustryAircraft. Finmeccanica-Selex ES signs a 205.9 million Euro framework contract with ENAV for the 4-Flight programme (2)
Rome, Italy - The new system will be deployed during a 9 years timeframe and will cover the 751,728 square Km of the Italian airspace
Finmeccanica-Selex ES, as the lead industry of a EEIG (European Economic Interest Grouping) formed together with Vitrociset and other partners, has been awarded by ENAV, the Italian air navigation service... more
IndustryFinmeccanica-Alenia Aermacchi: contract with Italian MoD for the supply of three M-346 aircraft to Air Force
Rome, Italy - The agreement also includes a ground base training system and logistic support
Finmeccanica-Alenia Aermacchi and ARMAEREO (Italian National Armaments Directorate) signed today in Rome a contract worth 120 million Euros to provide the Italian Air Force with further three advanced... more
IndustryRome and Beijing support the Chinese offer for Ansaldo
Rome, Italy - The two governments would urge for the conclusion of the agreement with Insigma, but Moretti is waiting for the Japanese
Two important banks support Insigma-Xhinzu joint venture’s offer to buy Finmeccanica’s railway firms: China Merchants Bank and the Bank of China, which guarantee for the sum of 1.5 billion Euros. As rep... more
IndustryFinmeccanica-AnsaldoBreda: worth about 100 million euro contracts signed with Trenitalia
Rome, Italy - For the maintenance of Frecciarossa and regional trains
Finmeccanica-AnsaldoBreda signed two contracts for a total amount of approximately 100 million euro with Trenitalia (FS Italiane Group) to provide maintenance for Frecciarossa ETR 500 fleet and regional... more
IndustryFinmeccanica-Selex ES' SEER self-protection system in action during NATO Tactical Leadership Programme during the four-week exercise
London, UK - It was integrated onto two Czech Air Force L-159 Advanced Light Combat Aircraft in under three hours
Finmeccanica–Selex ES demonstrated the ease of integration and consistent performance of its SEER digital Radar Warning Receiver (RWR) self-protection system during the recent NATO Tactical Leadership P... more
IndustryAnsaldo’s sale. Moretti: Hitachi is not out of the competition yet
Rome, Italy - Decision to be taken after Christmas, but there is still only one binding offer made by the Chinese
Finmeccanica confirmed with a short press release last evening it has received an offer for AnsaldoBreda by the Insigma-Xhinzu joint venture (see the text on AVIONEWS). There is therefore only one candidate... more
IndustryFinmeccanica: offer received by Insigma for AnsaldoBreda
Rome, Italy - According to a note issued by the Group
"Finmeccanica informs that it has received the offer of Chinese company Insigma for the acquisition of AnsaldoBreda". See for details AVIONEWS. more
IndustryAnsaldo’s sale: the Chinese make binding offer, the Japanese might withdraw
Rome, Italy - Insigma-Xhinzu offered more than 1.5 billion Euros and a relevant investment plan; Hitachi might have been discouraged by unprofitable AnsaldoBreda contracts
The Chinese joint-venture made by United Mechanical & Electrical of the Insigma Group and Xinzhu Corporation appears to have made a binding offer to buy Finmeccanica’s railway companies. Journalist Gianni D... more
IndustryAirplanes and industry. Third year in a row of decrease in global armament sales
Stockholm, Sweden - The Italian Finmeccanica, at ninth place in the world, has lost 1.97 billion dollars in 2013
SIPRI (Stockholm International Peace Research Institute) revealed that sales of arms and military services, worth 420 billion dollars, have decreased by 2% in 2013. These figures are included in the last... more
IndustryFinmeccanica: Moretti might close representative offices abroad
Rome, Italy - The reduction would hit a global network of offices covering different world’s regions
The cost-reduction plan elaborated by Finmeccanica CEO Mauro Moretti could hit the Group’s representative offices abroad, as reported by sources close to the Italian government. The smallest offices m... more
IndustryAnsaldo’s sale: Moretti wants to close before Christmas
Rome, Italy - Ansaldo’s sale: Moretti wants to close before Christmas
Mauro Moretti, Finmeccanica CEO, wants to close the sale of the Group’s railway sector as soon as possible. For this reason he invited the two candidates for the purchase of AnsaldoBreda and Ansaldo S... more
IndustryFinmeccanica: Moretti ready for dismissions
Rome, Italy - Participations in Mbda, Drs and Sukhoi to be put on sale, the Italian holding bets on Alenia, ATR and AgustaWestland
Finmeccanica’s business plan will be presented in January, but it is already possible to sketch the main lines of the Italian aerospace group’s future. Mauro Moretti, appointed CEO in May by Renzi’s gover... more
IndustryAnsaldoBreda sale: the Chinese to present offer within days
Rome, Italy - Reopening of the tender for the purchase of Finmeccanica’s rail companies seems to be sure
Rumours on the reopening of the tender for the purchase of AnsaldoBreda and Ansaldo Sts, Finmeccanica’s rail sector subsidiaries, are getting more concrete every day. New reports from sources close to t... more
IndustryFinmeccanica-AnsaldoBreda: contract for the maintenance of the new "Frecciarossa 1000" trains
Rome, Italy - The agreeement, EUR 250 million, will last ten years
Finmeccanica-AnsaldoBreda signed a 250 million euro contract with Trenitalia (FS Italiane Group) for the global maintenance service of the new "Frecciarossa 1000" fleet, the super trains manufactured in... more
IndustryFinmeccanica: the Chinese get access to AnsaldoBreda documents
Rome, Italy - The joint-venture Insigma-Xhinzu could present a binding offer within the next two weeks
While the Japanese Hitachi waits for clarification on AnsaldoBreda contracts, news about the comeback of a Chinese joint-venture have been denied and then confirmed again between yesterday and today. The... more
IndustryIndustry. Thales appoints interim CEO
Paris, France - Contrasts between Dassault Aviation and the French government appear to impede the choice of Levy’s successor after old CEO was transferred to Électricité de France
Thales, a corporation specialized in the aerospace and defence sectors, is going through a difficult period. Jean-Bernard Levy has recently resigned his charge as Chief Executive Officer because he was... more
IndustryFinmeccanica: contract signed between ATR and Indonesia’s Lion Air for 40 aircraft
Rome, Italy - Agreement signed at the Cabinet Office, before Prime Minister Matteo Renzi
Prime Minister Matteo Renzi and Finmeccanica’s CEO and General Manager, Mauro Moretti, attended the signing in Rome today, of a 1 billion US$ contract by ATR, the joint-venture between Finmeccanica-Alenia A... more
Industry"Finmeccanica Innovation Prize 2014": the awards were assigned to Alenia Aermacchi, Selex ES and Telespazio
Rome, Italy - In these ten years, the number of proposals submitted have trebled: almost 25,000 Group employees throughout the world have worked on roughly 8,500 technological projects
Finmeccanica celebrated yesterday the tenth edition of the "Finmeccanica Innovation Prize Award" in its Auditorium. Gianni De Gennaro, Finmeccanica’s Chairman and Mauro Moretti, Chief Executive Officer a... more
IndustryFinmeccanica, AnsaldoBreda’s sale: the Chinese likely to get back in the competition
Rome, Italy - Insigma found a new partner and would make a binding offer
The Chinese company Insigma found a new partner and asked Finmeccanica to be admitted back in the competition for the purchase of AnsaldoBreda and Ansaldo Sts. So far, the only proposal made by November... more
IndustryFinmeccanica-Selex Es and Airbus DS team-up for UK MoD Mode 5 IFF study
Luton, UK - A 12 month platform integration study contract
The UK Ministry of Defence has awarded a contract to a Finmeccanica-Selex ES-led team which will enable the introduction of a new Mode 5 Identification Friend or Foe (IFF) standard across a range of UK... more
IndustryFinmeccanica: CEO Moretti negotiates helicopters’ deal with a Russian company but does not solve the rail assets issue
Rome, Italy - Hitachi has doubts over two contracts imposed on Ansaldo by Moretti when he was CEO of the Italian rail network State-owned company
AgustaWestland, helicopter manufacturing company controlled by Finmeccanica, is negotiating a 100-150 million Euros deal for 12 aircraft with Russian oil giant Rosneft. According to the Italian newspaper... more
IndustryFinmeccanica: more than 400 million Euro coming from the new radar for the Eurofighter plane. Moretti: "A more competitive fighter on international markets"
Rome, Italy - Selex ES will be the project leader in its development and Alenia-Aermacchi will contribute to integrate the system into the aircraft
The contract signed yesterday in Edinburgh between the European consortium Eurofighter GmbH, which produces the Typhoon fighter, and the inter-governmental agency NETMA (NATO Eurofighter and Tornado Management... more
IndustryFinmeccanica-Selex Es in cooperation with the UK MoD and UKTI will provide UK electronic warfare data to international customers
Luton, UK - A partnership to enhance electronic warfare exports
Finmeccanica–Selex ES, Thales UK Ltd and Lockheed Martin (Canada) have recently formed a ground-breaking partnership with the UK Ministry of Defence & UK Trade & Investment (UKTI) that will optimise t... more
IndustryAirplanes and industry. Hitachi has made its offer for Finmeccanica’s rail assets
Rome, Italy - The Group shares are up again after losses this morning
The Japanese company Hitachi has made its bid to buy AnsaldoBreda and Ansaldo Sts on November 17, the last day to present binding offer for Finmeccanica’s rail assets. The same Italian aerospace Group g... more
IndustryAirplanes and industry. Finmeccanica: Chinese company to withdraw from Ansaldo bid?
Rome, Italy - According to unconfirmed press reports, Hitachi would be the only bidder left
Japanese company Hitachi could be the only bidder left for the purchase of AnsaldoBreda and Ansaldo Sts, Finmeccanica’s subsidiaries active in the rail transport sector. According to unconfirmed press r... more
IndustryAirplanes and industry. Interview with Giovanni Contento (UILM) on Finmeccanica (VIDEO AVIONEWS)
Rome, Italy - According to the union organizer, Moretti’s plan is in contradiction with the country’s future
On November 10 AVIONEWS interviewed Giovanni Contento, national secretary responsible for the aerospace sector of the metalworkers Italian union UILM, asking his opinion on the Group reorganization plan... more
IndustryFinmeccanica-Selex ES: contract for the supply of an optical instrument for the European space programme MetOp-SG
Rome, Italy - It wins a 65 million Euros agreement with Airbus Defence and Space
Finmeccanica–Selex ES signed a contract with the world space company Airbus Defence and Space for a total value of 65 million Euros for the supply of an innovative high-performance, optical instrument w... more
IndustryFinmeccanica: liquidation its subsidiaries (Finmeccanica Finance SA and Meccanica Reinsurance SA) decided by the BoD in July
Rome, Italy - All the activities by the companies will be taken over directly by Finmeccanica SpA
Referring to today press reports, Finmeccanica informs that, as proposed by the Chief Executive Officer and General Manager Mauro Moretti, on July 31 2014, the Board of Directors decided to put into liquidation... more
IndustryAirplanes and industry. Finmeccanica: AgustaWestland is one of the few to survive in the new business plan
Rome, Italy - The reshaping of the Italian aerospace Group: cuts, mergers and sales
Finmeccanica will be a smaller company after Mauro Moretti achieves his projects. The company’s CEO, appointed by Matteo Renzi’s Government, is preparing a new business plan in cooperation with the Ame... more
IndustryFinmeccanica–Selex ES and Thales start work on UK-French Future Combat Air System sensor requirements
Neuilly-sur-Seine, France - The total value of the contract is €150M (£120M)
On November 5th, Laurent Collet-Billon, head of the French defence procurement agency (DGA), and Bernard Gray, Chief of Defence Materiel at the UK Ministry of Defence, launched the feasibility phase of... more
IndustryAirplanes and industry. Antonio Apa, Uilm: Moretti will close Finmeccanica? (VIDEO AVIONEWS)
Rome, Italy - In an interview with AVIONEWS, the unionist expresses his concerns over the Group reorganization plan by Moretti, appointed CEO by Renzi Government
On November 3, AVIONEWS interviewed the Italian metalworker union Uilm General Secretary Antonio Apa about Finmeccanica reorganization plan presented by the aerospace Group CEO Mauro Moretti during two... more
IndustryAirplanes and industry. Finmeccanica closes Telespazio in Naples
Naples, Italy - Another step on the road to Moretti’s reorganization
Finmeccanica decided to close Telespazio research centre in Naples. Thirty-three employees have already received a communication saying they will be transferred to Rome from December 1. Metalworkers unions... more
IndustrySSJ-100: LOI signed between IFC and Belgian carrier VLM Airline for two airplanes
Venice, Italy - With options for additional two plus ten aircraft
The leasing Company “Ilyushin Finance Corporation” (IFC) and the Belgian carrier VLM Airline have signed a Letter of Intent for purchase two Sukhoi Superjet 100 with options for additional two plus ten... more