GKN consolidates helicopter forces
GKN plans to drive forward consolidation of Europe's defence industry by seeking new partners for the pooled helicopter business, Westland Agusta, it launched yesterday with Italy's Finmeccanica to...
View ArticleMarconi finalises Italian sell-off
Marconi is expected to complete the sale today of its mobile defence communications business to the Italian group, Finmeccanica, for about £400m. The once mighty British telecoms equipment maker,...
View ArticleCarlyle helps buy Fiat's debt-ridden aero business
Carlyle, the ever-expanding US private equity group, yesterday joined forces with Italy's state-owned Finmeccanica to buy debt-laden Fiat's aviation business for 1.5bn euros (£1.03bn). The sale of...
View ArticleItalian group seeks BAE link
Italian aerospace and defence group Finmeccanica is considering plans for a joint venture with BAE Systems to combine their Hawk and Aermacchi jet trainer programmes, industry sources said...
View ArticleGKN sells AgustaWestland stake
UK engineering group GKN today announced the sale of its 50% stake in AgustaWestland to its joint venture partner, Finmeccanica, in a £1bn deal.The sale, which had been signalled by the two firms in...
View ArticleWestland jobs in jeopardy, warns Finmeccanica
The Italian defence group Finmeccanica said yesterday it would have to start laying off workers at the Westland helicopter plant in Yeovil unless the British government finalised a new order by the end...
View ArticleItalian deal could land BAE £633m
BAE Systems could receive up to £633m through a series of deals with the Italian defence contractor Finmeccanica. The two are to merge their avionics operations with BAE taking a 25% stake while BAE...
View ArticleFinmeccanica spreads its wings
Finmeccanica, the aerospace group that is emerging as a leading player in Britain's defence industry, is determined to play a key role in the expected consolidation within the sector in Europe. Pier...
View ArticleFinmeccanica's ambitions take flight
Italian aerospace firm challenges its British rival and sets its sights on USFinmeccanica, the Italian aerospace and defence firm that nearly collapsed in the 1990s, is flexing its muscles to take on...
View ArticleFinmeccanica looks for a slice of the A350
Finmeccanica, the Italian aerospace and defence group, is in talks with its European rival EADS about building part of the composite airframe for the new Airbus A350 long-haul jet, executives have...
View ArticleArms company Finmeccanica could lose two executives over Italy bribery claims
Two men offer resignations after links to inquiry into suspected Berlusconi blackmail but company denies wrongdoingTwo top executives of Britain's second-biggest defence supplier have offered their...
View ArticleItalian anarchists kneecap nuclear executive and threaten more shootings
Group named after Greek anarchist warns it will strike seven more times at nuclear firm's parent company, FinmeccanicaAn anarchist group claimed responsibility on Friday for kneecapping an Italian...
View ArticleArms manufacturer halts National Gallery sponsorship after protests
Finmeccanica ends sponsorship a year early as campaigners criticise use of gallery for arms trade functionsAn Italian weapons manufacturer has terminated its sponsorship of the National Gallery a year...
View ArticleFinmeccanica boss arrested over 'corrupt' helicopter deal with India
Giuseppe Orsi held on charges relating to allegations company paid £500,000 in bribes to secure £480m contract in 2010The boss of Italy's biggest defence company, Finmeccanica, has been arrested over...
View ArticleAgustaWestland denies corruption charges over India helicopter deal
Arrest of senior AgustaWestland and Finmeccanica executives has led Indian defence ministry to suspend further paymentsHelicopter manufacturer AgustaWestland is to formally deny corruption claims over...
View ArticleDavid Cameron's India trip overshadowed by corruption allegations - video
The Indian prime minister, Manmohan Singh, brings up allegations against Britain during a press conference with David Cameron in Delhi. During a trip supposed to reinforce trade relations, Singh claims...
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