Industry - GiovanniDeGennaro,Leonardo-Finmeccanica'sPresident(photobyWikipedia)
1,790 news found
IndustryThales: no talks with Finmeccanica over Atlas Elektronic's purchase
Paris, France - French company's spokesperson reported it
There are still rumours going around about a possibile Thales interest in German company Atlas, interest that would not provide Finmeccanica’s involvment, despite of conflicting info to admit official s... more
IndustryThales: "A great alliance is not necessary"
Paris, France - Chief executive Denis Ranque stated it
"Thales is not isolationist and if there is a possibility of developing a project that reinforces the group, we will look at it seriously. Thales cannot be reduce to an object to aim at or an asset to... more
IndustryFinmeccanica: analysts believe in Group growth prospects
Rome, Italy - Profit to increase further in 2006 despite debts rise has been reported
Financial analysts are focusing on Finmeccanica’s condition and prospects for growing further with reference to the Italian aerospace and defence group. Forecasts related to first half 2005 showed that t... more
IndustryThales: French Government to decide its future by this year
Paris, France - French "Challeges" weekly wrote it
Two EADS co-CEO, Thomas Enders e Noel Forgeard, commented about the matter which involves EADS, Thales and Finmeccanica (see for details AVIONEWS 1 and 2). According to Enders, as French "Les Echos" newspaper... more
IndustryFinmeccanica-Datamat: acquisition has been completed
Milan, Italy - Finmeccanica purchased the 52.7% of Datamat's share capital, within 30 days it will launch a take-over bid for the remaining shares on the market
The acquisition’s value has been EUR 150.9 million. Finmeccanica concluded the transaction (see for details AVIONEWS) by purchasing also shares owned by Chairman Olivieri, Board members Cuturi, Moretti a... more
IndustryFinmeccanica: Finnat Bank estimation for the Italian holding is "At Hold"
Rome, Italy - The Target price at EUR 16.45 per share
These estimations are included in the report that Finnat Bank made about the Italian industrial holding company. The bank estimates that Finmeccanica should sell off its power and transport activities... more
IndustryFinmeccanica-Thales: a partnership in the defence sector still remains a hypothesis without French Government's go-ahead
Rome, Italy - The Italian holding confirmed it to AVIONEWS, underlining that a mutual interest exists currently by both companies though nothing concrete
International press talked about a hypothesis for ties between Italian Finmeccanica group and French Thales company again. There would an intention to merge the two firms’ activities in the strictly r... more
IndustryFinmeccanica (5). Results by sector of activity: Selex Sensors and Airborne Systems, Selex Communications, Selex Sistemi Integrati, Elsag, Sistemi Navali Internazionali, Seicos
Rome, Italy - Value of production: EUR 1,219 million (+6%); EBIT: EUR 81 million (-7%)
"The agreement signed at the end of April 2005 with BAE Systems profoundly changed the face of the Defence Electronics business for Finmeccanica. The new agreement is of particular importance in the avionics... more
IndustryFinmeccanica (8). Results by sector of activity: OTO Melara, WASS, MBDA
Rome, Italy - Value of production: EUR 469 million (-10%); EBIT: EUR 20 million (-39%)
"Finmeccanica’s Defence systems business includes the activities of MBDA, a joint-venture with BAE Systems and EADS, in which Finmeccanica holds a 25% stake, and the activities of OTO Melara in land, n... more
IndustryFinmeccanica (4). Results by sector of activity: AgustaWestland
Rome, Italy - Value of production: EUR 1,168 million (+1%); EBITA: EUR 127 million (-7%)
"The global helicopters market is experiencing a growth trend caused by the need for fleet replacement in countries that spend significant amounts of their GDP on defence, such as the US and the UK. The... more
IndustryFinmeccanica (7). Results by sector of activity: Alenia Spazio, Telespazio
Rome, Italy - Value of production: EUR 373 million (+5%); EBIT: EUR 21 million
"The alliance with Alcatel was not operational in the first half of the year. The final contract, signed in January, was finally ratified following the approval by the European authorities on 1 July. The... more
IndustryFinmeccanica (6). Results by sector of activity: Alenia Aeronautica, Aeronavali, Aermacchi, GIE ATR
Rome, Italy - Value of production: EUR 934 million (+6%); EBIT: EUR 49 million (+58%)
"The Aeronautics business confirmed in 1H05 the growth forecasts made in 2004, on the back of increased activity in large civil programmes (Boeing and Airbus), more work on own aircraft production (ATR),... more
IndustryFinmeccanica: we will provide Turkish market with helicopters, underground and trains
Ankara, Turkey - Giorgio Zappa, Director General of the holding, stated it
Turkish market will be one of the next Finmeccanica’s ones. Giorgio Zappa, Director General, clearly stated it as attending the "International Defence Industry Fair" in recent days in Ankara presently o... more
IndustryFinmeccanica: relevant growth most of all in the international market
Rome, Italy - Thanks to orders, acquisitions and alliances but innovation still proves a major factor for success
Finmeccanica’s economic performance expected in 2005 is likely to be a very positive, when considering a series of supply contracts in the aerospace and defence sectors, besides the sign of deals for i... more
IndustryFinmeccanica-Sukhoi: the Russian aviation company civil division is under purchase for a 25% stake
Moscow, Russia - Boris Alyoshin, President of Russian Federal Industry Agency, unveiled it
After projects to increase orders for its civil aircraft, orders to which Italian Finmeccanica should have participated as an industrial partner, see for details AVIONEWS, a news released today concerning... more
IndustryVitrociset (2): UILM disagrees with then operation, "No support for the company split"
Rome, Italy - It was stated by UILM National Secretary Giovanni Contento
"The waste of public funds caused buy the purchase of the Vitrociset’s unit and the employment problems for 900 workers who woul remain in Vitrociset amputated of the most important activities such as m... more
IndustryVitrociset: ENAV to conclude the related division purchase negotiation by October
Rome, Italy - Its value is worth around EUR 90m
Negotiation between ENAV (Italian National Air Traffic Management Agency) and Vitrociset for the purchase of the related division attending maintenance of air traffic control company’s plants, will be c... more
IndustryFinmeccanica: EUR 300m worth projects with Hellenic Aerospace
Thessaloniki, Greece - A letter of intent has been signed at the 70th Thessaloniki Exhibition
The letter of intent between Finmeccanica and Hellenic Aerospace has been signed by Finmeccanica’s Deputy President, Giuseppe Maresca, and by Hellenic’s Executive Director, Costas Karamanlis, in the pre... more
IndustryFinmeccanica: US Coast Guard to use the Italian Group's radar system
Rome, Italy - It was the Seaspray 7500E radar fitting the HC-130H patrol aircraft
It is the last version of radar developed by the Selex Sensors and Airborne Systems -a company owned by Finmeccanica Group-the Seaspray 7500E radar system. It will be used by US Coast Guard’s patroller p... more
IndustryFinmeccanica: from "Underperform" to "In-line"
New York, USA - US Goldman Sachs gave the assessment
Thanks to the US rating and brokering agency Goldman Sachs Finmeccanica’s operating assessment passed to "In line" from "Underperform". Together with Bae Systems and Thales, it has the major appreciation p... more
IndustryFinmeccanica: 80% of activities is devoted to defence
Rome, Italy - President Guarguaglini pointed it out, so reminding that the fact State owns a stake in the holding is an obvious thing
Finmeccanica President, Pier Francesco Guarguaglini, underlined the role played by defence sector in Italian industry, putting into evidence that it represents to date about a 80% of the holding’s activities, o... more
IndustryFinmeccanica: bound for an Alenia/Sukhoi-ATR synergy
Moscow, Russia - Such a possibility was underlined by President Guarguaglini while Russian Government proved interested in te communications system
The Tetra military-civil cryptic communications system produced by Selex (Finmeccanica group) could be considered during talks between Italian Premier Silvio Berlusconi and Russian President Vladimir Putin... more
IndustryAlenia-Sukhoi ready to compete with Embraer and Bombardier
Moscow, Russia - The Italian-Russian deal to remarkably reinforce Finmeccanica in the regional airplanes sector
Alenia Aeronautica’s acquisition of part of Sukhoi Civil Aircraft (as the civil aviation section of the well known Russian group) gained a good comment by markets (see fr details AVIONEWS). The acquisition o... more
IndustryAlenia bound for acquiring a 25% stake in Sukhoi Civil Aircraft
Moscow, Russia - The effort to mainly regard te production of te RRJ and maybe also their assembly in Italy
Alenia Aeronautica, Finmeccanica group, could acquire a 25% stake in the civil division of the well known Russian aerospace company Sukhoi. The effort will mainly deal with the designing and manufacturing... more
IndustryFinmeccanica-Irkut: a 360° industrial cooperation
Moscow, Russia - Civil airplanes, military trainers and UAVs as the leading sectors
Three important agreements will reinforce the industrial cooperation in the aeronautical sector between Finmeccanica and Russian group Irkut. Alenia Aeronautica became a partner of the Russian company... more
IndustryEADS: Thales must not "sail in DCN's waters"
Paris, France - The European holding would disagree the hypothesis of a partnership between Thales and public-owned shipyard, according to French press
EADS disagrees with the hypothesis of a partnership between French Thales’ naval section and DCN group (French public-owned shipyard). French press would appear to be sure of it as it would have underlined t... more
IndustryFinmeccanica: contract in Germany for SELEX Sistemi Integrati air defence systems
Rome, Italy - For the German Air Force
"Finmeccanica reaches a relevant step in Germany through its company SELEX Sistemi Integrati, which signed a contract with the Bundesamt für Wehrtechnik und Beschaffung (BWB), the Procurement department... more
IndustryAermacchi (Finmeccanica Group): the first two new SF-260EA primary trainers delivered to the Italian Air Force
Venegono, Italy - For the acquisition of 30 aircraft for the total amount of € 33 million
"Aermacchi delivered to the Italian Air Force the first two new primary trainers SF-260EA, as part of the contract signed last year, which comprises the acquisition of 30 aircraft for the total amount... more
IndustryFinmeccanica and Boeing finalize 787 supply agreement
Rome, Italy - Alenia Aeronautica receives an initial order of components for 150 aircraft, valued at approximately US$1.1 billion
"Alenia Aeronautica and The Boeing Company have signed a formal agreement that defines a major role for Finmeccanica in the 787 Dreamliner programme. The Finmeccanica company has been awarded an initial... more
IndustryGalileo Avionica: the very first course for operators of Eurofighter flight simulator
Rome, Italy - Hosted in Ronchi dei Legionari's plant
"Galileo Avionica, a SELEX Sensors and Airborne Systems company, controlled by Finmeccanica, held the very first training course for Eurofighter simulator operators in its Ronchi dei Legionari plant. Five... more
IndustryForeign markets and inner cooperations: the Finmeccanica's strategy
Rome, Italy - The group aims to reinforce its international role and encourage synergies among the holding-owned firms themselves
Finmeccanica group’s strategy for growth will focus on the following guiding lines during the next years, according to CEO, Pier Francesco Guarguaglini: a strong and constant effort in the international m... more
IndustryOto Melara: 100 successful years in the defence sector
La Spezia, Italy - Official celebration today for the well known Italian company competent for artillery and missile systems
Oto Melara is celebrating its 100 years activities in the defence sector today. The well known Italian company always distinguished itself both in the domestic and in the international markets regarding... more
IndustryFinmeccanica: industrial collaboration with Poland is stronger
Warsaw, Poland - A general agreement with Polish aerospace industry
Industrial collaboration in the aerospace and defence sectors between Italy and Poland is increasing. Finmeccanica signed recently a general agreement with Polish industry in this fields (in particular... more
IndustryMBDA Italy: a new facility in La Spezia
La Spezia, Italy - Devoted to system integration activities for missiles destined to the Italian armed forces
MBDA Italy (as the Italian division of the missile group owned by EADS, BAe and Finmeccanica) opened its new facility nearby the La Spezia naval base. Such a plant will be used for system integration activities... more
IndustryUlivo: "Italian aerospace sector is a major one if a concrete European foreign and defence policy exists"
Rome, Italy - The political movement relies on such industrial field underlining the importance of security and research
Italian "Ulivo" political movement commented recently regarding the future of the Italian aerospace industry while waiting for the political election to be held next year, focusing on what should be some... more
IndustryFinmeccanica: Guarguaglini holds at the controls
Rome, Italy - And in the meantime, Selex achieved orders for the DASS electronic countermeasures system devoted to the Eurofighter Tranche 2
Pier Francesco Guarguaglini was confirmed at the lead of the Italian aerospace and defence holding Finmeccanica while waiting for the stakeholders assembly to meet on July 11 and 12 for the appointment... more
IndustryVitrociset: employees demonstrated in front of the headquarter this morning
Rome, Italy - AVIONEWS interviewed two UIL union representatives to analyse the current problems affecting the company and its future
Vitrociset’s employees protested in front of the company’s headquarter in Rome today due to the uncertainty concerning the destiny of the firm itself and their jobs. It had at first thought that a con... more
IndustryAVIONEWS at ASD conference (5): Interview with President Pier Francesco Guarguaglini
Rome, Italy - "Many subjects are interested in Thales but Finmeccanica will participate if it can seize a chance"
AVIONEWS interviewed ASD (Aerospace and Defence Association) President Pier Francesco Guarguaglini on the occasion of the annual press conference held in Rome today. AVIONEWS: Within the efforts intended... more
IndustryAVIONEWS at ASD conference (3): big efforts dedicated to integration process
Rome, Italy - European companies are increasingly looking at US market despite of European investment in defence are still limited than in Usa
Results of dispute between EU and US on aerospace subsidies, are not still clear, said Chairman Guarguaglini. Europe aims to achieve synergies for ensuring a greater industrial integration. Space sector... more
IndustryASD: annual press conference on schedule in Rome today
Rome, Italy - To analyse the results achieved in such sectors in Europe in 2004, also considering the current market condition and future prospects
ASD (Aerospace and Defence Association) is going to hold its traditional annual press conference in Rome today in order to analyse the situation regarding the results achieved in Europe by the main firms... more
IndustryAermacchi (Finmeccanica Group): first flight of the M-311 avionics demonstrator
Varese, Italy - This morning the flight lasted 70 minutes
"Today, the M-311 avionics demonstrator has performed its first flight. The aircraft has taken off from Venegono airfield at 10:00 am piloted by Olinto Cecconello, Aermacchi’s Chief test Pilot. The M... more
IndustryThales-Finmeccanica-Alcatel: a new industrial leading group to compete with EADS?
Paris, France – It is the hypothesis of some analysts on the future of the French company’s alliances
French press usually pays attention on the great interest shown by EADS for Thales, the well known French group specialized in the avionics and defence electronics sectors searching for a turning point... more
IndustryThales: a wide range of hypotheses to strengthen the group
Paris, France - It is being thought to deals with Alcatel, EADS, Finmeccanica and DCN but also to keep on the current structure
Thales is analysing the situation regarding its medium-long term prospects. The well known French group board, as a company specialized in the defence electronics and avionics sectors, is appraising a... more
IndustryFinmeccanica (2): key figures
Rome, Italy - Value of production at March 31, 2005 was EUR 2,159 million
"Key figures Value of production at March 31, 2005 was EUR 2,159 million, compared to EUR 2,000 million in the same period last year. EBITDA rose by EUR 37 million, from EUR 97 million in 1Q04 to EUR... more
IndustryFinmeccanica (4). Results by sector of activity: Alenia Aeronautica, Aermacchi
Rome, Italy - Value of production: EUR 355 million (-4%); EBITA: EUR 8 million (n.s)
"Results by sector of activity Alenia Aeronautica was selected by the Turkish Government in 1Q05 to supply the Turkish navy with 10 ATR-72 ASW aircraft. In addition, Aermacchi signed a Memorandum of Understanding... more
IndustryFinmeccanica (6). results by sector of activity: Alenia Spazio, Telespazio
Rome, Italy - Value of production: EUR 174 million (+5%); EBITA: EUR 10 million (+150%)
"The commercial space market has recently shown signs of recovery. Growth is expected to be strongest in broadband systems and in services, while institutional demand in the European space industry is... more
IndustryFinmeccanica (9). Results by sector of activity: Oto Melara, Wass, Mbda
Rome, Italy - Value of production: EUR 198 million (-24%); EBITA: EUR 5 million (-44%)
"Finmeccanica’s Defence Systems sector includes MBDA, a joint-venture with BAE Systems and EADS, in which Finmeccanica holds a 25% stake, and the activities of OTO Melara in land, naval and airborne s... more
IndustryFinmeccanica (7). Results by sector of activity: Galileo Avionica, Selenia Communications, OTE, AMS, Sistemi Navali Internazionali
Rome, Italy - Value of production: EUR 440 million (+4%); EBITA: EUR 20 million (-5%)
"Defence and Security Electronics are today the main business segment of Aerospace and Defence, absorbing around 20% of global demand in the industry (valued at about EUR 300 billion) with an annual growth... more
IndustryFinmeccanica (8). Results by sector of activity: Elsag
Rome, Italy - Value of production: EUR 82 million (-4%); EBITA: EUR (1) million (n.s)
"The sector includes Elsag and its subsidiaries. In 1Q05 the company launched a programme to bring Elsag’s business more into line with the core activities of the Finmeccanica group. This initiative r... more
IndustryFinmeccanica (5). Results by sector of activity: AgustaWestland
Rome, Italy - Value of production: EUR 527 million (-1%); EBITA: EUR 34 million (+31%)
"Through its subsidiary AgustaWestland, Finmeccanica is a global leader in the helicopter business with a market share of about 25%. In 1Q05, AgustaWestland scored several business successes, including... more