Managers and R&D specialists from the aerospace, defense and security (ADS) sector met in London last week to explore emerging adjacent markets, such as energy, environment and climate; food and water security; and natural disaster protection and response. Sponsored by EADS, Finmeccanica, Lockheed Martin, Northrop Grumman, Raytheon and Saab, the event was the third in a series organized by British consultantcy Dynamixx, in association with IHS.
At first glance, the proposed merger between EADS and BAE should not pose problems for competition regulators on either side of the Atlantic, from a defense perspective. There is very little overlap between the businesses. “It’s a great strategic fit,” one EADS official told AIN. However, that may not stop companies such as Finmeccanica or Thales from raising questions about the consolidation of first-tier defense contractors in Europe.
Three Finmeccanica companies have signed agreements with the Russian defense export agency Rosoboronexport to offer maritime patrol aircraft (MPA) versions of Russian types. Selex Galileo would provide its ATOS mission management system, while radio specialist Selex Elsag would provide advanced CNI (communications, navigation, identification) equipment.
The only way is up for Italian aerospace group Finmeccanica after it announced record losses of €2.3 billion ($3 billion) on March 27. Massive “exceptional events” and “non-recurring” charges totaling almost €3.2 billion ($4.3 billion) accounted for most of the financial hit.
SuperJet International announced on February 28 that its board of directors has appointed Nazario Cauceglia new CEO of the company, a joint venture between Finmeccanica subsidiary Alenia Aermacchi (51 percent) and Sukhoi Holding (49 percent).
Circumstances are colliding that will have significant impact on new civil helicopter development programs for the remainder of the decade. In the West, new civil programs are typically the byproducts of defense spending. And when it comes to dropping defense dollars and euros on new manned helicopter programs, the party might not be over, but it is definitely winding down.
The tumultuous reign of former Italian Prime Minister Silvio Berlusconi may be over, but the damage it has inflicted on Italy’s economy and the ongoing euro crisis will likely linger well past his latest criminal trial.
AgustaWestland’s next-generation AW189 prototype made its first flight ahead of schedule yesterday at the Finmeccanica company’s plant in Cascina Costa, Italy. With chief test pilot Giuseppe Lo Coco at the controls, “it performed as expected” during a 45-minute sortie that also included an assessment of the helicopter’s general handling and basic systems.
At face value, the December 1 departure of Pier Francesco Guarguaglini as chairman of Finmeccanica should herald a new dawn for the Italian aerospace and defense group. But his successor Giuseppe Orsi, who continues to serve as chief executive too, faces a monumental task to rebuild the company’s business plan in the face of third quarter losses of €324 million ($422 million).
Chromalloy has named Carlo Luzzatto as its new president. Luzzatto’s background is in the energy industry, where he was most recently the co-general manager of Ansaldo Energia, a division of the Italian conglomerate Finmeccanica, a provider of power plant equipment and power generation services.