Finance and economy - GiovanniDeGennaro,Leonardo-Finmeccanica'sPresident(photobyWikipedia)
339 news found
Finance and economyTremonti at Ecofin: sale prevision for Finmeccanica's shares
Brussels, Belgium - Besides Poste, Ferrovie, Rai, Fincantieri in the potential planned sale of shares
Minister Giulio Tremonti intervened yesterday at Ecofin, the European meeting of Ministers of Economy, and during some public statements he showed those could be the touchy points of next economy manoeuvre,... more
Finance and economyShareholders’ meeting of Finmeccanica approves 2009 results and dividend
Rome, Italy - Key figures, changes to articles of association
The shareholders of Finmeccanica SpA, who met today in Rome, have approved the company’s annual results for 2009 and viewed a presentation of the consolidated figures. The results exceeded forecasts, w... more
Finance and economyFinmeccanica: shareholders' meetings convoked for end of April
Rome, Italy - Documents available to the public
"Finmeccanica advises that, with reference to its ordinary shareholders’ meeting, convened for 29 and 30 April (first and second call) and its extraordinary shareholders’ meeting convened for 28, 29 and... more
Finance and economyFinmeccanica exceeds 2009 forecasts
Rome, Italy - Group to build on last year’s results in 2010
"The Finmeccanica Board of Directors met yesterday to examine the financial forecasts for 2009 and updated guidance for 2010. The forecasts for 2009 – the final results will be submitted to the Board o... more
Finance and economyFinmeccanica approves the calendar of events for 2010
Rome, Italy - And the updating of the Stock Option Plan 2002-2004
"Finmeccanica’s Board of Directors has approved the calendar of events for 2010, summarised in the table below. 2010 calendar of events - Thursday 4 March – Board of Directors: draft annual res... more
Finance and economyCDP agrees to buy remaining stake in STM from Finmeccanica
Rome, Italy - Increasing its holding to 13,77% of share capital
"Cassa Depositi e Prestiti SpA (CDP) and Finmeccanica SpA yesterday signed an agreement on the basis of which CDP commits to buy from Finmeccanica all its 33,770,436 shares in STMicroelectronics NV (STM)... more
Finance and economyFinmeccanica brings to conclusion its debt structure optimization plan
Rome, Italy - By issuing a 500 million dollar bond with a 30 year maturity
"Yesterday Finmeccanica, through its wholly owned subsidiary Meccanica Holdings USA Inc., issued bonds in the US debt capital market in a private placement for an aggregate amount of 500 million dollar... more
Finance and economyFinmeccanica successfully completed EUR 600 million fixed-rate bond issue with maturity 2022
Rome, Italy - Orders exceed EUR 6 billion
"Yesterday Finmeccanica, through its wholly-owned subsidiary Finmeccanica Finance S.A, issued bonds in the European market targeting institutional investors. The issue has a nominal amount of EUR 600 million,... more
Finance and economyFinmeccanica (2): issued 750 million euro fixed rate bonds
Rome, Italy - With a 5 year maturity
Finmeccanica launched and priced fixed rate bonds with maturity 3 December 2013 (5-year) for a nominal amount of 750 million Euros. The bonds, with an annual coupon of 8.125%, have an issue price of 99.758%.... more
Finance and economyFinmeccanica (2): capital increase completed
Rome, Italy - Full subscription of the new ordinary shares offered
The rights offering to Finmeccanica shareholders relating to new ordinary shares resulting from the capital increase by way of rights approved by the Board of Directors on 8 September and 15 October 2008,... more
Finance and economyVitrociset: financial contribution from Ciset and Finmeccanica
Rome, Italy - Recapitalize to grow on the foreign markets
The Roman company, controlled by the Ciset of Edoarda Crociani for 90% and the Finmeccanica for the remaining 10% has decided to recapitalize, with an increase of a million of euro by corporate property... more
Finance and economyFinmeccanica, the strategy of a global leader
Rome, Italy - The take over of DRS consolidates its role as a leading global supplier of integrated systems for defense and security
The acquisition of DRS Technologies represents a major milestone in Finmeccanica’s strategic plan to expand its global presence, focusing on the United States and the United Kingdom. DRS, a US company, o... more
Finance and economyFinmeccanica (4): first-half highlights and significant events since June 2008
Rome, Italy - The acquisition of DRS Technologies will be carried out via the constitution by Finmeccanica of a company incorporated in the US
On 16 January 2008, following the takeover bid launched by Finmeccanica for the UK company VEGA Group Plc, and after achieving a 65.1% take-up rate giving Finmeccanica a total stake of 93.3%, the offer... more
Finance and economyFinmeccanica (2): breakdown of key figures
Rome, Italy - Revenues, Adj EBITA, Net profit, Net debt and Free Operating Cash Flow
Revenues came in at EUR 6,433 million in 1H08, versus EUR 6,079 million in 1H07, an increase of EUR 354 million (+6%). Aerospace and Defence accounted for 80% of production in the period, and Energy and... more
Finance and economyFinmeccanica: the Board of Directors approves first-half results
Rome, Italy - Revenues up 6%
Finmeccanica continued to grow organically during the first half of 2008, confirming the stability and quality of its growth plan. - Revenues came in at EUR 6,433 million in 1H08, versus EUR 6,079 million... more
Finance and economyFinmeccanica (3): orders and the research and development sector
Rome, Italy - The order backlog was equivalent to around three years of production
New orders totalled EUR 6,809 million, an increase of EUR 331 million (+5%) on the figure of EUR 6,478 million recorded in 1H07, and were received in almost all segments. Aerospace and Defence accounted... more
Finance and economyFinmeccanica to acquire 11.1% of Eurotech
Rome, Italy - A deal worth 18 million Euro
The Board of Directors of Finmeccanica has decided to enter the shareholding of Eurotech through the acquisition of around 11.1% of the Company’s share capital - equivalent to 3,936,461 shares - from a... more
Finance and economyFinmeccanica (2): the analysis of revenues
Rome, Italy - An increment equal to 7% compared with the same period of 2006
Revenues in the first nine months of 2007 were EUR 9,117m, up from EUR 8,524m during the same period of 2006: an increase of EUR 593m (+7%). This increase is attributable to organic growth, and is... more
Finance and economyFinmeccanica (6): highlights and significant events since the end of the period
Milan, Italy - And some intervened after the closure of the period
- 7 February: AgustaWestland and Boeing signed a memorandum of understanding for the joint production of the next generation of CH-47 Chinook logistical transport helicopters for the Italian army, and... more
Finance and economyFinmeccanica (5): the order backlog and the investments in research and development
Milan, Italy - AW-129 Mangusta, C-27J Spartan, AW-149, BA-609, M-346, Eurofighter, UAV Falco, Dreamliner and TETRA
The order backlog stood at EUR 36,245 million, compared with EUR 35,810 million at 31 December 2006, a slight increase of EUR 435 million (+1.2%) due to normal order acquisition and billing activities.... more
Finance and economyFinmeccanica (4): the orders updated to the month of June
Milan, Italy - Helicopters, Defence Electronics, Eurofighter and GIE-ATR aircraft
New orders came in at EUR 6,478 million, versus EUR 7,973 million in 1H06. However, last year benefited from non-recurring new orders worth EUR 1,740 million in helicopters, relating to the IMOS and MSCP... more
Finance and economyFinmeccanica (3): the revenues of the first half of 2007
Milan, Italy - Helicopters +11%; ATR, Boeing 787 Dreamliner aircraft and energy +16%
Revenues rose to EUR 6,079 million in 1H07, versus EUR 5,706 million in the same period of 2006. This was an increase of EUR 373 million, or 7%. The rise was due to organic growth, and was in line with... more
Finance and economyFinmeccanica (2): the statements of Pier Francesco Guarguaglini
Milan, Italy - "We are concentrating on long-term projects such as C-27J Spartan, Dreamliner, Mangusta, TETRA and Sukhoi partnership"
Pier Francesco Guarguaglini, Chairman and CEO, commented: "Finmeccanica is continuing to pursue organic growth, and has hit its targets for the fifth year in a row. In the first half of the year we made... more
Finance and economyFinmeccanica: the Board of Directors approved the first-half results
Milan, Italy - The official presentation has taken place today in Milan at 9:00 am
Finmeccanica improved its results again in 1H07 through organic growth, confirming the stability and quality of its development strategy. - Revenues rose to EUR 6,079 million in 1H07, vs EUR 5,706 million... more
Finance and economyFinmeccanica rises in Milan: +3%
Milan, Italy - Awating for US contract
Finmeccanica rises of +3% at Piazza Affari, waiting for contract supplies' announcement of US Army's military transport aircraft, that should come on the first week of June. Title's price is of 22,31... more
Finance and economyFinmeccanica: price set for Datamat "squeeze-out"
Rome, Italy - Equal to EUR 10,040 per share
Finmeccanica would like to announce that the purchase price of the shares included in the “squeezeout” of the remaining Datamat shares outstanding has been set at EUR 10,040 per share. As required by... more
Finance and economyJpMorgan consider in mark-up the target price of Finmeccanica
Milan, Italy - The investment fund ups the target price to EUR 24
According to JpMorgan, the fundamental stages of Finmeccanica in the first semester are five: three potential orders -for Canadian Fixed- Wing Search & Rescue, with 80% of possibility to win; US Joint... more
Finance and economyFinmeccanica gives the 30% of Avio to Carlyle Group
Rome, Italy - The value for the deal is EUR 432m
Finmeccanica has announced it has given about the 30% of its participation to Avio to Carlyle, an investment society, for a total value fo EUR 432m. In this operation Finmeccanica has kept the option to... more
Finance and economyBanca Intesa: an air transport securitization operation of USD 650m
Milan, Italy - A press release of the Milan's Credit Institute communicates that
"Banca Intesa ended a securitization operation that aims at covering the risk of its entry into the aeronautic sector. The operation is called 'Da Vinci Synthetic' and is worth about USD 650m, it is the... more
Finance and economyMBDA signs a contract of EUR 30 million with the German Army
Paris, France - Agreement on missiles supply
MBDA, a company controlled for 25% by Finmeccanica, has signed few days ago a contract with German Army about the supply of long range missiles Pars 3. The value for the deal is EUR 30 million. The MBDA... more
Finance and economyThe agreement Finmeccanica-Puglia Region was signed yesterday
Brindisi, Italy - The signing of Giorgio Zappa and Nichi Vendola
The concord Finmeccanica-Puglia Region about the realization of the aeroanutical pole project in Salento’s area (a South of Italy zone) was finally signed yesterday (see for details AVIONEWS). The agreement i... more
Finance and economyPuglia's aeronautic center: tomorrow the signature
Foggia, Italy - The agreement reached by Puglia Region and Finmeccanica
Tomorrow at 4:00 pm the agreement between Puglia Region (south-east of Italy) and Finmeccanica (Italian aeronautic holding) is going to be signed. The contract foresees the development of an aeronautic... more
Finance and economyUE gives the green light to Finmeccanica-Carlyle agreement for the purchase of Avio
Brussels, Belgium - No risk for competition
The Commission of the European Community has given today the free light to the agreement of Finmeccanica and Carlyle for the definitive acquisition of Avio (former Fiat Avio). The transaction waited... more
Finance and economyFinmeccanica and BAe Systems sign a Mou: Eurosystems was born
Rome, Italy - It will be one of the biggest centre in the defense and electronic fields
It has been signed yesterday evening in Rome, the Memorandum of Understanding between the General Executive Manager of Finmeccanica (32.4% controlled from government), Pier Francesco Guarguaglini, and... more
Finance and economySigned the deal for the selling of FiatAvio, EUR 1,5bn the final price
Milan, Italy - The operation to be concluded by the end of 2003
It has been signed the agreement between Carlyle Group-Finmeccanica and Fiat for the assignment of FiatAvio, which will take shape through an "ad hoc" carrier, Aviation holding, 70 percent owned by the... more
Finance and economyFiatAvio selling is virtually ended
Tourin, Italy - The agreement for a figure slightly lower than requested from Fiat
According to reliable sources it is going to be concluded without dramatic turn of events the cession of FiatAvio to the Italian-American alliance formed by Finmeccanica and The Caryle Group; the only... more
Finance and economyFinmeccanica loses 87% in its profits for 1Q2002
Rome, Italy
As published yesterday by AVIONEWS, Finmeccanica SpA has confirmed that its net profit in the first three months of the year fallen 87% to 13.891 mln eur from 104.627 mln as the contribution to earnings... more
Finance and economyBAE SYSTEMS' SHARES GO DOWN ON THE STOCK EXCHANGE
LONDON, GREAT BRITAIN, After the announcement of BAe Systems' entry in the new European missilistic pole, Mbda, BAe registered a 4,5 pence lost on the 334,5 pence value in the stock exchange. Mbda incudes,... more
Finance and economyALENIA MARCONI JOINS ''TEAM JANUS'' FOR ANTI-MISSILE DEFENCE
ROME, ITALY, Alenia Marconi Systems joined yesterday the "Team Janus" reserved to participate to Nato's competition for the realization of the pre-feasible study of the future anti-missile integrated defence... more