Industry - GiovanniDeGennaro,Leonardo-Finmeccanica'sPresident(photobyWikipedia)
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IndustryFinmeccanica (2): Giorgio Zappa is the new General Director
Rome, Italy - The ambassador Castellaneta appointed vice-President
The Board of Directors of Finmeccanica held this morning (see AVIONEWS), approved the new corporate structure presented by the President and CEO Pier Francesco Guarguaglini: Giorgio Zappa is the new General... more
IndustryFinmeccanica: today the directorate meeting
Rome, Italy - Giorgio Zappa towards the Director General election
Today the Finmeccanica’s board of directors meet in order to talk about the new top corporate structure, after the resignation by former CEO, Roberto Testore (see for details AVIONEWS). The most probable s... more
IndustryFinmeccanica towards a new corporate structure
Rome, Italy - Moreover, the Italian group could perform important investments in the USA, in Asia and in Eastern Europe in the future
Finmeccanica group would be appraising several hypotheses with reference to the corporate structure as, following the resignation by former CEO, Roberto Testore, (see for details AVIONEWS), the company... more
IndustryFinmeccanica: investments have been performed by steady financial bases
Rome, Italy - It would have been pointed out by the group's representatives with reference to the purchases and alliances under development
Finmeccanica's President and CEO, Pierfrancesco Guarguaglini, recently commented about the matter regarding the group's development, by putting into evidence how a clear decision on Finmeccanica 2 is going... more
IndustryFinmeccanica. An exponential growth by 2006 (2): "cooperating simultaneously with Boeing and Airbus is difficult but possible"
Rome, Italy - It would have been underlined by CEO Guarguaglini
Finmeccanica’s CEO, Pierfrancesco Guarguaglini, underlined recently the importance of the presence of the Italian group in the world. According to Finmeccanica’s CEO in fact, it is certainly true that it... more
IndustryFinmeccanica: an exponential growth by 2006
Rome, Italy - It would be indicated by the group's forecasts by considering the purchases and deals which could be achieved by this year
Finmeccanica's CEO, Pierfrancesco Guarguaglini, would have commented recently about the volume of business the group intends to reach by the next two years. The company would appear able to forecast a... more
IndustryNCOIC: a consortium exclusively dedicated to the Network Centricity
Washington, USA - Boeing, Eads, Lockheed Martin, Finmeccanica and Northrop Grumman among the 28 cooperating companies
One had realized since a quite long time that the integration and linking degree offered by the philosophy on which the entire network centric theory is based was an impressive one regarding sensors and... more
IndustryFinmeccanica: Atitech and Finmeccanica 2 programmes still to be designed
Rome, Italy - The holding's representatives would have put into evidence how nothing had been decided yet with reference to purchases and unions
Several industrial efforts involving the Finmeccanica group exist in this period. Two appear relevant in particular among them within the Italian holding's growth strategy, although in certain cases one... more
IndustryFinmeccanica (7). Results by sector of activity: Ansaldo Energia
Rome, Italy - Value of production: EUR 345 million (-16% from EUR 409 million in 1H03); EBITA: EUR 9 million (-44%)
"The power generation market continued the trend seen in 2003 and the first quarter of 2004. Growth continued, while demand from Asia remained strong, with the Middle East remaining broadly flat: following... more
IndustryFinmeccanica (6). Results by sector of activity: Oto Melara, Wass, MBDA
Rome, Italy - Value of production: EUR 519 million (+12% on the EUR 463 million posted in 1H03); EBITA: EUR 33 million (+14%)
"Despite sluggish demand, in the first half of 2004 the defence systems business continued the positive trend seen in 2003, with an improvement in both revenues and profitability, thanks partly to the... more
IndustryFinmeccanica (5). Results by sector of activity: Galileo Avionica, OTE, Marconi Selenia Communications, AMS, International Naval Systems division*
Rome, Italy - Value of production: EUR 982 million (+14% on the EUR 858 million posted in 1H03); EBITA: EUR 76 million (+49%)
"The defence electronics sector recorded a good performance in the first half of the year, especially in terms of profit margins. Once again, this was partly due to cost-cutting efforts and increased production... more
IndustryFinmeccanica (4). Results by sector of activity: Alenia Spazio, Telespazio
Rome, Italy - Value of production: EUR 358 million (+7 % on the EUR 336 million generated at 30/06/03); EBITA: EUR 1 million (from EUR–35 million in 1H03)
"The commercial space market continues to suffer from the difficulties experienced by telecommunications companies, which are hampering demand for new telecoms systems (this market is only now showing... more
IndustryFinmeccanica (3). Results by sector of activity: AgustaWestland*
Rome, Italy - Value of production: EUR 1,122 million (-15% on the EUR 1,315 million posted in 1H03); EBITA: EUR 110 million (-15%)
"AgustaWestland secured a number of important orders in the first half: the Japanese Navy ordered another two EH-101 helicopters, eight orders were received for the AB-139, while 20 A-109 and A-119 helicopters... more
IndustryFinmeccanica (2). Results by sector of activity: Alenia Aeronautica, Aermacchi*
Rome, Italy - Value of production: EUR 781 million (+36% vs. 1H03); EBITA: EUR 41 million (+17%)
"Against a backdrop of growth in the military business (which includes the Eurofighter, C-27J, M-346, SF-260, AMX, Tornado and MB-339 projects), and stagnation in the civil sector (including production... more
IndustryFinmeccanica: Board of directors approves half-year 2004 report
Rome, Italy - Consolidated net profit jumps 43% to EUR 40m, while value of production rises 6.4% to EUR 4,310m. Operating profits improve as do margins
"Finmeccanica posted better-than-expected results for the first half of 2004, which were also an improvement on the same period of last year. In addition to a rise in value of production, pre-tax profit... more
IndustryFinmeccanica-GKN agreement on AgustaWestland: British Government starts investigating
London, UK - It would deal with a normal verifying procedure regarding the legitimacy of the related contract
Together with the technical analyses carried out by European Commission on the agreement between British GKN and Italian Finmeccanica, for the transferring of the English share of AgustaWestland to the... more
IndustryOgma: Finmeccanica-Lockheed Martin and Embraer-EADS contend for the Portuguese group
Lisbon, Portugal - It would have been unveiled by Portuguese press and Government would be willing to sell the aerospace company by the end of the year
According to what has been released by Portuguese press, Government would be particularly willing to complete by the end of the current year the selling of Ogma aerospace company, or at least of a significant... more
IndustryThe last word on EuroSystems is up to British Government
Rome, Italy - Finmeccanica appears worried for the consequences that delay on such agreement could cause for the Eurofighter Tranche 2
Finmeccanica and BAe are attending to the agreement regarding the possible creation of EuroSystems, a joint-venture mainly dealing with avionics and defence electronics, but problems still exist for the... more
IndustryAlenia Aeronautica: the first production-series single-seater Eurofighter flies in Italy
Rome, Italy - The flight has taken place successfully at Alenia Caselle (Turin) plant
"The first production-series single-seat Eurofighter Typhoon aircraft to carry out the first flight belongs to Alenia Aeronautica, a Finmeccanica company. The flight has taken place successfully at Alenia... more
IndustryMemorandum of Understanding between Finmeccanica and GKN in order to purchase AgustaWestland (2): Ceo Guarguaglini gives the lie to the existence of loss
Rome, Italy – The Italian group needs to reinforce electronic warfare-helicopter sector
Finmeccanica’s President, Pierfrancesco Guarguaglini, has made clearer the fact that AgustaWestland has not loss, even if someone had stated it is a concrete problem. Guarguaglini has reminded that t... more
IndustryMemorandum of Understanding between Finmeccanica and GKN in order to purchase AgustaWestland
Rome, Italy – An agreement of EUR 1,5bn aimed to make Italian industry in this sector more competitive in the world
Finmeccanica and GKN have signed a Memorandum of Understanding today aimed to carry on during the year negotiation for selling British company’s 50% share of AgustaWestland to the Italian group. The v... more
IndustryGKN interested in Boeing’s facilities?
London, United Kingdom – It could purchase some factories right when negotiation with Finmeccanica for selling Westland are going on
Negotiation between GKN and Finmeccanica for selling some 50% of Westland (presently owned by such British company) to this Italian group go on, when considering the fact that Finmeccanica would appear... more
IndustryFinmeccanica as the sole possible purchaser of Westland?
London, UK - Although it is being told of a probable concern by Boeing, GKN would have already decided for a long time
British GKN’s representatives are confirming their intention for selling their own 50% share of Westland, probably to Finmeccanica (see for details AVIONEWS). This occurs even if some unofficial rumors h... more
IndustryFinmeccanica towards a complete purchase of AgustaWestland
Rome, Italy - A final step could maybe occur by next June
Finmeccanica’s share has risen up to 1,44% at Piazza Affari Italian stock exchange at about 01:20 pm, thanks to the news spread by British GKN’s representatives on a proposal for selling to such Italian gro... more
IndustryIs Finmeccanica interested in Westland?
London, UK - In case of purchase, it could lead half European helicopter production
Westland could be sold by British GKN. In particular, in industrial helicopter environments and in the press, it would be supposing a significant concern by Italian Finmeccanica. Nevertheless, it seems... more
IndustryFinmeccanica at the Dsa 2004 in Malaysia (2): the companies featured
Kuala Lumpur, Malaysia - A number of products are being displayed
Here are the companies that take place in the Dsa 2004 in Kuala Lumpur. Alenia Aeronautica, Italy's leader in aeronautical productions, with products for military defence, transport and commercial aircraft,... more
IndustryFinmeccanica at the Dsa 2004 in Malaysia
Kuala Lumpur, Malaysia - The biannual exhibition takes place in the Malaysian capital 12 to 15 April
Also Finmeccanica is taking part, from 12 to 15 April, in the Defense Services Asia, Dsa 2004, a biannual exhibition about the defence industry held in Kuala Lumpur (see AVIONEWS). The group presents solutions... more
IndustryFinmeccanica-Alcatel's preliminary agreement for the foundation of two joint-ventures is closer
Rome, Italy - The only problems would regard Alenia Spazio's share
The foundation of an Italian-French space pole between Finmeccanica and Alcatel has been delayed of some three months (see for details AVIONEWS). The purpose consists of creating two joint-ventures respectively... more
IndustryGrowth of Finmeccanica for the period 2006-2007
Milan, Italy - It is forecasted by its chief staff for aerospace and defence sectors
Finmeccanica goes on growing and forecasting for the period 2006-2007 is clearly positive, according to group Direction. A production activity of some EUR 10bn has been foreseen by 2006, while further... more
IndustryFinmeccanica's workers strike in Genoa (2): unions meet prefect Romano
Genoa, Italy - The Government representative has promised a meeting at Palazzo Chigi in April
After having gathered in front of Genoa's prefectural offices, a delegation of unions representing Finmeccanica's workers met prefect Giuseppe Romano, who promised a meeting at palazzo Chigi in April to... more
IndustryFinmeccanica's workers strike in Genoa
Genoa, Italy - They have gathered in front of the prefectural offices
The workers of Finmeccanica - one of Italy's largest industrial group - have been demonstrating since 9.30 this morning in the streets of Genoa. Following the parade, demonstrators have gathered in front... more
IndustryA new General Director for Galileo Avionica
Rome, Italy - He will mainly manage purchases and human resources
Galileo Avionica's board of directors has appointed its new General Director, Renzo Meschini. Meschini will take care of every issue regarding purchases, human resources management and the systems improvement.... more
IndustryItalian-American conference on aerospace industry (2): Guarguaglini's speech
Washington, USA - Sharing know-how and creating new jobs
Also President and CEO of Finmeccanica, Pier Francesco Guarguaglini, attended such conference. An attempt was made in order to pay attention to the good quality of some Italian aerospace industry's products,... more
IndustryItalian-American conference on aerospace industry (3): the importance of Italian-American joint-ventures
Washington, USA - It will be important to try to repeat the C-27J programme's success
Italian Foreign Office Undersecretary, Mario Baccini, has added some relevant comments concerning what has already been pointed out by Minister Marzano and by Finmeccanica President, Guarguaglini. First... more
IndustryFinmeccanica approves the results for 2003 (6): results by sector of activity. Oto Melara, Wass, Mbda
Rome, Italy - Value of production: EUR 1,102m (16%); Ebita: EUR 88m (+13%).
"The defence systems business includes missile systems (Mbda, a joint venture with BAE Systems and Eads), land, naval, air, underwater and sonar systems. The defence systems market has been the hardest... more
IndustryFinmeccanica approves the results for 2003 (5): results by sector of activity. Galileo Avionica, Marconi Selenia Communications, AMS, Horizon Naval Systems
Rome, Italy - Value of production: EUR 1,858m (+37%); Ebita: EUR 160m (+78%)
"Defence electronics activities include the production of avionics equipment, unmanned aircraft, radar systems, land and naval command and control systems, air traffic control systems, integrated communications... more
IndustryFinmeccanica approves the results for 2003 (3): results by sector of activity. AgustaWestland
Rome, Italy - Value of production: EUR 2,594m (+5%); Ebita: EUR 275m (-14%), figures refer to 100% of the joint-venture
"Finmeccanica is a leading player in the global helicopter industry through AgustaWestland, a joint-venture with the British group GKN. In 2003 AgustaWestland continued its strategy of penetrating markets... more
IndustryFinmeccanica approves the results for 2003 (2): results by sector of activity. Alenia Aeronautica, Aermacchi
Rome, Italy - Value of production: EUR 1,318m (+5%); Ebita: EUR 137m (-1%)
"Finmeccanica is present in the sector via Alenia Aeronautica and Aermacchi, which became part of the group on 1 July 2003. During the year, Alenia Aeronautica continued to implement measures aimed at... more
IndustryFinmeccanica approves the results for 2003 (4): results by sector of activity. Alenia Spazio, Telespazio
Rome, Italy - Value of production: EUR 767m (+45%); Ebita: EUR 14m (EUR 2m in 2002)
"Finmeccanica operates in the space industry through Alenia Spazio (which produces space infrastructure and scientific telecommunication, remote sensing and payload satellites) and Telespazio (earth stations,... more
IndustryFinmeccanica's efforts in helicopter sector
Rome, Italy - Group's staff comments agreements with Bell and the US-101 programme
Finmeccanica’s directors have commented the hypothesis of joint-venture between Agusta and Bell Helicopters. It has been underlined how nothing is certain or planned presently regarding it, though historical r... more
IndustryMBDA is growing
Paris, France - Selling has risen for this second-best world group in this sector during 2003
The MBDA missile group consisting of EADS, British Aerospace and Finmeccanica, has concluded 2003 by a remarkable rising of its selling. Such an increase, compared with previous year, was of 34% while... more
IndustryBerlusconi believes a Finmeccanica/Bae agreement is imminent
Rome, Italy - He says that during a joint press conference with Blair
Italian Premier Silvio Berlusconi is optimistic in regard to the forthcoming alliance between Finmeccanica and Bae Systems for defense electronics. During a joint press conference with British Prime Minister... more
IndustryBae Systems continues its negotiation with Finmeccanica
London, UK - A spokesman of the British group deny agreements with Thales
Bae System spokesperson, Richard Coltart, consulted regarding the three joint-ventures between his group and Italian Finmeccanica said Bae is negotiating only with Finmeccanica (see AVIONEWS) and he doesn’t k... more
IndustryAsian Aerospace Airshow: Finmeccanica
Rome, Italy - This Italian group to show its best products for aerospace sector
Finmeccanica group is going to participate to Asian Aerospace Airshow in Singapore tomorrow by proposing the very best its companies can offer. Alenia Aeronautica will show the ATR-42MP and the C-27J Spartan... more
IndustryFinmeccanica and Bae are achieving an agreement
Rome, Italy - By the end of the July due diligence on Eurosystems should be done
Roberto Testore, Finmeccanica chief executive, affirmed the new joint venture's due diligence is going to be achieved by the end of July. Testore said also that the two new joint ventures with Alenia for... more
IndustryTestore: "In February the decision about Finmeccanica 2"
Turin, Italy - When the activities of the work group are to be finished
Within February of the next year it is to know if there will be a Finmeccanica 2. The news was released last Monday by the general executive manager and general manager of the society, Roberto Testore.... more
IndustryAlcatel-Alenia Spazio agreement is nearer
Paris, France - It has been declared by the general executive manager of Finmeccanica during an interview
According to what has been declared during a recent interview released to a French daily paper by the general executive manager and general manager of Finmeccanica, Roberto Testore, the negotiations for... more
IndustryPossible agreement between Finmeccanica and Alcatel
Rome, Italy - The Italian company could submit to its next BOD the request of a Memorandum of Understanding
Finmeccanica seems to have the intention to submit to its next Board of Directors the request of authorization to the signature of a memorandum of understanding which outlines an alliance with the French... more
IndustryAms awarded with contract for the supply of radar equipments to the Pristina airport
Pristina, Kosovo - The agreement has been signed with Icao
The joint-venture between Finmeccanica and BaeSystems, the Ams, has been awarded a contract for the supply of radar equipments for the international airport of Pristina, in Kosovo. The news has been released... more
IndustryFinmeccanica: Boeing 7E7 agreements big success for Italian industry
Rome, Italy - Press release: the declarations of the society's management
"Roberto Testore, the Chief Executive and Managing Director of Finmeccanica, and Giorgio Zappa, the Chairman and Chief Executive of Alenia Aeronautica, comment on the announcement of the signing of work... more