Finmeccanica-S.p.A.

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Topic: Finmeccanica-S.p.A.

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	Finmeccanica S.p.A. - Wikipedia, the free encyclopedia
		It was formed as a joint venture in July 2000 when Finmeccanica and GKN plc agreed to merge their helicopter subsidiaries.
		Finmeccanica thus becomes the second defense electronics group in Europe, after Thales of France.
		A joint venture company between EADS and BAE Systems, MBDA is the world's No.2 missile manufacturer after Raytheon.
	en.wikipedia.org /wiki/Finmeccanica (372 words)

	Alcatel, Finmeccanica To Merge Space Divisions
		Finmeccanica reported 2003 space-related revenues of 767 million euros ($942.4 million) in 2003, and said the division had a positive pretax profit margin of 1.8 percent, compared to a loss in 2002.
		Finmeccanica Chief Executive Roberto Testore told investors in May that the company’s space business had been streamlined enough that, with a slight uptick in business now seen from the Italian government, the company is ready for a merger.
		Finmeccanica spokesman Marco Valerio Bonelli said June 11 that Finmeccanica Chairman Pier Francesco Guarguaglini has indicated that a draft memorandum of understanding with Alcatel has been completed, but would need to be approved by Finmeccanica’s board of directors before being signed.
	www.space.com /spacenews/archive04/mergearch_062104.html (662 words)

	Scotsman.com Business - Finmeccanica can turn UK defence into an Italian job
		Finmeccanica is also pushing its success with the AgustaWestland EH 101 Merlin helicopter, being used by the Royal Navy and RAF in Iraq, and in January, it won the contract to build a US version of the EH 101 for the US Marine Corps' Presidential flight.
		Finmeccanica, with 10,000 employees in the UK, is now the second-biggest defence company operating on these shores behind BAE Systems, and the UK MoD now sits alongside the Italian ministry of defence as Finmeccanica's largest customers.
		The BAE deal already means Finmeccanica has increased its stake in the Eurofighter project from around 20 per cent of each finished aircraft to around 60 per cent of all avionics and 20 per cent of the airframe.
	business.scotsman.com /index.cfm?id=627752005 (1053 words)

	The Carlyle Group and Finmeccanica: Agreement for the Acquisition of FiatAvio’s Aerospace Business
		Finmeccanica, as an industrial partner in the deal, will assume a board seat and voting rights in accordance with corporate governance, and will be involved in defining Avio’s corporate strategy and managerial decisions.
		Finmeccanica also ranks as Italian number one in research and development: the group invests around EUR 1 billion a year (or 13% of its value of production) in advanced technology, notably dual technologies.
		Finmeccanica's aerospace and defence activities account for around 70% of consolidated sales, and employ more than 32,000 staff.
	www.thecarlylegroup.com /eng/fund/l5fundnews-2600.html (799 words)

	Alcatel and Finmeccanica creating the new European space industry leader
		About Finmeccanica, S.p.A. Finmeccanica is Italy's leading high-tech company, operating in the design and manufacture of helicopters, civil and military aircraft, aerostructures, space satellites and infrastructure, satellite services, command and control systems, defence electronics and systems, communications, security and IT.
		Finmeccanica participates in some of the largest international programmes in the sector through well-established alliances with European and American partners.
		Finmeccanica also boasts significant manufacturing assets and skills in the transport and energy sectors.
	www.home.alcatel.com /vpr/vpr.nsf/14b4f31604375b17c12567a8004a2c4d/5eb767875685c08fc1256f9700492148!OpenDocument (515 words)

	Boston.com / Business / Finmeccanica gets helicopter contract
		Finmeccanica said it would pay the British group 516 million euros ($690 million) as part of a deal that will create Europe's second-largest group in the sector.
		Finmeccanica SpA of Italy said Thursday one if its units had been awarded a 1.5 billion euros ($1.9 billion) contract to supply helicopters to the United Kingdom.
		The company's Thursday announcement came one day after European Union regulators approved a deal between Finmeccanica SpA and Britain's BAE Systems PLC to create a major joint venture in defense electronics.
	www.boston.com /business/articles/2005/03/24/finmeccanica_gets_helicopter_contract (228 words)

	U.S. Group’s Purchase of FiatAvio Raises Eyebrows in Europe
		Finmeccanica will own 30 percent of Avio Holding with an equity investment of 150 million euros.
		Carlyle and Finmeccanica — through the Avio company — will now own 70 percent of ELV, a Colleferro, Italy, company that is the legal prime contractor for the Vega launcher being financed by the European Space Agency.
		EADS Space has been rebuffed thus far in its attempts to merge with Finmeccanica’s Alenia Spazio space-hardware company.
	www.space.com /spacenews/archive03/fiatarch_071403.html (618 words)

	stockoverview
		Finmeccanica S.p.A. is an Italian holding company for a group of companies engaged primarily in the sectors of aeronautics, helicopters, space and defense.
		In space, Finmeccanica is engaged in the design, development and production of satellites for military and civil uses and of components for orbiting structures.
		Finmeccanica: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
	today.reuters.com /stocks/overview.aspx?ticker=SIFI.MI&target=/stocks/quickinfo/stockoverview (411 words)

	Navy League of the United States - Citizens in Support of the Sea Services
		Finmeccanica insiders say that future project-specific joint ventures are likely to take precedence over the mega-mergers that have characterized the global defense sector in recent years.
		Finmeccanica is reported also to be considering buying a stake in Paris-based Eutelsat, the world's third largest satellite operator.
		Finmeccanica subsidiary Alenia Aeronautica and European aerospace group EADS had been planning a joint venture--European Military Aircraft Company (EMAC)--but those plans stalled last year over differences in asset valuations following the global aviation recession triggered by the 11 September terrorist attacks against the United States.
	www.navyleague.org /sea_power/dec_02_27.php (2316 words)

	FINMECCANICA: ALLIANCE WITH BAE SYSTEMS FINALISED
		Finmeccanica and Bae Systems will form a strategic management committee which will have the task of co-ordinating activities in all areas of reciprocal interest in order to identify all possible opportunities for both existing joint ventures and in other areas of activity.
		Finmeccanica and Bae Systems will create two corporations, each under the direct operational control of one of the two parent companies.
		According to a communiqué, Finmeccanica and Bae Systems have also defined the areas of activity involved in the transaction and their respective value.
	www.asca.it /docs/NewsLetters/Target/trasporti/04/03/26/tta4.htm (497 words)

	ShowNews Online: PARIS 2003
		In naval weapons systems, Finmeccanica works with French groups on the Horizon frigate program, and OTO Melara and WASS are developing some of their core products in partnership with German and French companies in naval and land weapons systems.
		Finmeccanica has been very aggressive in forming transatlantic relationships, with Lockheed, Boeing and the Carlyle Group, and hopes to play a big role in the JSF program.
		Apart from Eurofighter, Finmeccanica is involved in three very important joint ventures with European partners: it works with British group GKN in AgustaWestland, the world leader in helicopters; with BAE Systems in defence electronics group AMS; and with EADS and BAE Systems in the missiles joint venture, MBDA.
	www.aviationnow.com /shownews/03paris/newsmkr3_02.htm (601 words)

	Finmeccanica < Military < Corporations < Commerce < : news
		Finmeccanica’s management is to present a business plan for its proposed acquisition of a stake in Sukhoi Civil Aircraft (SCAC) to its shareholders for...
		FINMECCANICA, the owner of helicopter maker AgustaWestland, claims the UK as its “second home base”.
		Finmeccanica sees FY sales up over 20 pct; EBIT 700 mln eur
	schema-root.org /commerce/corporations/military/finmeccanica (627 words)

	Bloomberg.com: Top Worldwide
		Carlyle and Finmeccanica expect to close the purchase at the end of this year, the statement said.
		Carlyle and Finmeccanica are acquiring businesses that design and manufacture parts for aeronautical engines, gearboxes, low-pressure turbines and space propulsion systems, the companies said.
		Finmeccanica shares rose 1.4 percent to 55 euro cents at 11:11 a.m.
	quote.bloomberg.com /apps/news?pid=10000006&sid=aRZJxT.S5pBo&refer=home (681 words)

	Finmeccanica Signs Deals With Alcatel, BAE - WTOP Radio
		Finmeccanica said it will pay the British group 516 million euros ($673 million) as part of a deal that will create Europe's second-largest group in defense electronics.
		Late Thursday, Finmeccanica said that it had signed a final agreement with BAE Systems PLC to create Eurosystems, a set of three joint ventures in defense electronics.
		ROME (AP) - Italy's defense and aerospace company Finmeccanica SpA said Friday it had agreed to merge its space activities with those of French telecommunications company Alcatel SA through two joint ventures.
	www.wtopnews.com /index.php?nid=111&sid=285108 (313 words)

	Finmeccanica signs 775 mln euro satellite deal with Italian space agency - EUbusiness
		Italian defence group Finmeccanica said Wednesday its unit Alenia Spazio has signed a 775 million euros (1.037 billion dollars) contract with the Italian space agency to supply four satellites for civil and defence uses to observe the earth.
		Alenia is leading a consortium building the system that includes another Finmeccanica unit, Telespazio, as well as a number of small and medium-sized Italian companies, it said.
		The 775 milion euros contract covers the first three satellites and foresees a further 116 million euros for the fourth satellite, it said.
	www.eubusiness.com /Rd/041222192717.89liria0 (288 words)

	Industry News - Finmeccanica plans European consolidation
		Finmeccanica has recently been involved in a series of UK based deals, these include a Finmeccanica subsidiary, AugustaWestkland, being named a preferred bidder by the Ministry of Defence (MoD) for the £1 billion Future Lynx helicopter contract and a recent acquisition of part of BAE Systems' operations.
		However, Pier Francesco Guarguaglini, Finmeccanica's chairman and chief executive, said that the firm was not in talks with French defence giant Thales.
		Following recent success, senior figures at the firm stat that Finmeccanica would attempt to be at the forefront of European defence sector consolidation, which has been predicted by industry analysts.
	www.serco.com /media/industrynews/ItemPage.asp?ItemID=8201740 (162 words)

	Finmeccanica
		In defence, Finmeccanica is involved in the design, development and production of missile systems, radar systems, land and sea command and control systems, air traffic control systems, avionics equipment and systems, land and undersea weapon systems, strategic communication systems.
		In the aeronautical sector Finmeccanica manufactures complete military transport and combat aircraft and structural components for civil aircraft; it is also active in aircraft overhaul and conversion.
		In space, Finmeccanica has a leading role in the design, development and production of satellites for military and civil uses and of components for orbiting structures, as well as in the development of satellite-based services and in space mission management.
	www.programma180.it /cgi-bin/toolkit/bravosolution/host/finmeccanica/list.jsp?LANG=EN&SECT... (10912 words)

	Finmeccanica Wants To Buy Into Russian Aviation
		Finmeccanica said in a separate statement that Alenia and another Finmeccanica group company, Aermacchi, would broaden cooperation with two other Russian planemakers, Irkut and its subsidiary Yakovlev.
		Finmeccanica said the deal -- signed by its unit, Alenia Aeronautica, and Sukhoi's civil aviation subsidiary -- also involved the Italian company in helping to market the so-called Russian Regional Jet passenger plane in the West.
		Italian aerospace company Finmeccanica signed a memorandum of understanding with Russian warplane maker Sukhoi on Thursday aimed at buying a stake in a Sukhoi-led regional airliner venture.
	news.airwise.com /story/view/1124403450.html (367 words)

	EADS signs Finmeccanica link - Apr. 14, 2000
		Finmeccanica and EADS plan to form a 50:50 joint venture that will have a 63 percent stake the Eurofighter project to develop a new range of fighter aircraft.
		LONDON (CNNfn) - Italy's Finmeccanica on Thursday agreed to form a military aircraft joint venture with the Franco-German aerospace company European Aeronautic Defense and Space Co. (EADS), ending the hopes of U.K. counterpart BAE Systems of expanding its own pan-European defense-industry pact.
		& lured Finmeccanica with the offer of a 10 percent stake in the A3XX large passenger aircraft project being developed by Airbus Industrie, the consortium in which EADS members hold 80 percent.
	money.cnn.com /2000/04/14/europe/alenia (472 words)

	Finmeccanica, Alcatel sign space alliance. 19/06/2004. ABC News Online
		Finmeccanica will hold a 67 per cent stake in the services company, which will group Finmeccanica's Telespazio with Alcatel space operations and services activities, and is expected to post in 2004 sales of 350 million euros.
		The French telecommunications equipment group Alcatel and Finmeccanica of Italy said they have agreed to merge their space operations by creating two jointly-owned companies, one focused on satellite manufacturing and one on services.
		Alcatel will hold a 67 per cent stake in the manufacturing company Alcatel Alenia Space and Finmeccanica will own the remaining 33 per cent.
	www.abc.net.au /news/newsitems/200406/s1135559.htm (255 words)

	Finmeccanica
		Finmeccanica SpA subsidiary Alenia Aeronautica has signed a contract with the Nigerian Air Force to refurbish and support its five 1980s-vintage Aeritalia G222 transport aircraft.
		Finmeccanica subsidiary SELEX Sensors and Airborne Systems received a GBP 850 million order (EUR $1.25 billion, USD $1.52 billion) to manufacture the EuroDASS Electronic Warfare suite for the second production batch of the Eurofighter Typhoon programme.
		Poland has a maritime border stretching for around 534 km, and the new system will be used by Polish border police, but the information gathered will also be passed on to other institutions such as the navy where appropriate.
	www.defenseindustrydaily.com /finmeccanica/index.php (2483 words)

	Westland and Finmeccanica merge helicopter businesses
		GKN and Finmeccanica said at a press conference in London: "This is a world-class alliance of equals united by the same strategic vision -- to deliver outstanding products and services to our customers and to maximise value for our shareholders".
		The financial structure is that GKN and Finmeccanica will each own 50 percent of the new joint venture company that is expected to become fully operational in the autumn, subject to EU regulatory approval.
		UK manufacturer GKN Westland Aerospace and Finmeccanica of Italy have announced the merger of their helicopter businesses to create a new company to be called AgustaWestland.
	defence-data.com /f2000/pagefa1058.htm (229 words)

	ST STMICROELECTRONICS, AREVA, FINMECCANICA AND FRANCE TELECOM ANNOUNCE REVISIONS IN THE SHAREHOLDERS' AGREEMENT GOVERNING THEIR RELATIONSHIPS WITHIN STMICROELECTRONICS C1132H
		Finally, Areva, France Telecom and Finmeccanica (the three indirect shareholders of the Company) have agreed to propose the renewal, for a three-year period, of Pasquale Pistorio's mandate as President and CEO of STMicroelectronics.
		Finmeccanica to improve its financial position and enhance its balance sheet in order to fund growth in its aerospace and defense business while remaining the largest indirect shareholder of STMicroelectronics; and
		STMicroelectronics' principal shareholder is a wholly owned subsidiary of ST Holding, which is indirectly owned 50% by FT1CI (a company consisting of two French shareholders, Areva and France Telecom), and 50% by Finmeccanica, the largest aerospace and defense company in Italy.
	www.st.com /stonline/press/news/year2001/c1132h.htm (704 words)

	FT.com / Retailing / Marks & Spencer - Finmeccanica seeks US targets
		Finmeccanica, the Italian aerospace and defence group, is looking to expand its presence into the US market with an initial €1bn ($1.2bn) to spend on small-to-medium sized acquisitions.
		FT.com / Retailing / Marks and Spencer - Finmeccanica seeks US targets
		Pier Francesco Guarguaglini, chief executive, told reporters in London that he was switching his focus from the UK, after a multi-billion pound spending spree, to the larger US defence market with the emphasis on the increasingly critical defence electronics sector.
	www.ft.com /cms/s/c2bdd830-1801-11d9-9ac5-00000e2511c8,dwp_uuid=099fa2d4-d247-11d8-b661-00000e2511c8.html (100 words)

	DefenseNews.com - EU Widens Probe of Italy Aid to Finmeccanica - 06/23/05 13:33
		The total value of loans from the Italian state to Finmeccanica and the amount paid back is not clear to the Commission, but funds of about 3.2 billion euros ($3.90 billion) were allocated from 1999 to 2005 in favor of the aeronautics industry.
		A spokesman for Finmeccanica declined to comment, but a political source at Italy’s Industry Ministry, who asked not to be identified, said Italy had acted appropriately.
		The European Union executive on June 23 widened a probe of Italian aid to aerospace firm Finmeccanica on suspicion that it failed to repay millions of euros it received from Rome.
	www.defensenews.com /story.php?F=934123&C=europe (543 words)

	Italian defence giant sets sights on US purchases - [Sunday Herald]
		Finmeccanica today supplies 60% of the avionics equipment for the Eurofighter Typhoon and is involved as a serious partner with US companies in major programmes including the joint strike fighter.
		His desire to step up Finmeccanica’s presence in the US is likely to be bolstered by the acquisition of a small to medium sized avionics business there.
		Given its desire for a higher profile, Finmeccanica and its recently rebranded Selex subsidiary is certain to become a much better known name in Scotland over the next few years.
	www.sundayherald.com /49831 (1299 words)

	FT.com / Home UK - Finmeccanica nears decision
		Finmeccanica, Italy's biggest defence group, said yesterday it soon hoped to achieve its goal of hiving off its non-core energy and transport businesses to concentrate on its growing defence and aerospace activities.
		However, people close to the company said it appeared unlikely that Finmeccanica would dispose of its energy and transport operations by merging them with Fincantieri, an Italian shipbuilder.
		FT.com / Home UK - Finmeccanica nears decision
	news.ft.com /cms/s/3afd8ca4-73f7-11d9-b705-00000e2511c8.html (88 words)

	Boeing Frontiers Online
		For sure, Finmeccanica participates in MOUs with other companies, as does Boeing with Japan's Mitsubishi Heavy Industries, United Kingdom-based BAE Systems and Israel Aircraft Industries Ltd. As one of Europe's major high-tech players, Finmeccanica works with BAE Systems, EADS and other major continental aerospace firms.
		Respected global aerospace leaders Boeing and Finmeccanica have formalized their long-term partnership and agreed to work side by side on a variety of upcoming projects and programs.
		From Finmeccanica's perspective, said Alberto de Benedictis, a senior vice president who heads Business Development for the Italian company, the Memorandum of Understanding signals a shift in its relationship with Boeing.
	www.boeing.com /news/frontiers/archive/2003/august/mainfeature.html (1788 words)

	Rotor & Wing
		Finmeccanica’s 50-percent stake in AgustaWestland is a result of a merger begun five years ago and finalized in February 2001.
		The cash portion of the agreement with Finmeccanica is premised on AgustaWestland winning an award from the U.K. Ministry of Defence for the Future Lynx contract to re-equip the British Army and Royal Navy with a fleet of remanufactured Lynx helicopters, according to Finmeccanica.
		The agreement would make AgustaWestland a wholly owned subsidiary of Finmeccanica by year’s end and could be worth $1.9 billion (Eurowatch, pg 57).
	www.aviationtoday.com /cgi/rw/show_mag.cgi?pub=rw&mon=0704&file=rotorcraft.htm (3212 words)

	Finmeccanica initiated with "neutral" newratings.com
		In a research note published this morning, the analyst mentions that Finmeccanica is an Italy-based diversified aerospace& defense company, which holds a 17% stake in ST Microelectronics.
		The visibility into Finmeccanica's long term EPS growth is low, given the company's limited market share growth.
		NEW YORK, October 18 (newratings.com) - Analyst Nick Fothergill of Banc of America Securities initiates coverage of Finmeccanica (FMN.STU) with a "neutral" rating.
	www.newratings.com /analyst_news/article_496399.html (204 words)

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Topic: Finmeccanica-S.p.A.

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In the News (Fri 25 Dec 09)