Finmeccanica approves merger and spin-off operations
The Board of Directors of Finmeccanica has approved the merger operations in Finmeccanica SpA of the companies Oto Melara SpA and Whitehead Sistemi Subacquei SpA, as well as the partial spin-off to Finmeccanica SpA of Alenia Aermacchi SpA, AgustaWestland SpA and Selex ES SpA.
Finmeccanica is Italy’s leading manufacturer in the high technology sector and ranks among the top ten global players in Aerospace, Defence and Security. Finmeccanica’s core business activities are in the following sectors: Helicopters (AgustaWestland), Defence Electronics and Security (Selex ES, DRS Technologies), Aeronautics (Alenia Aermacchi). The company also has a significant position in space (Telespazio, Thales Alenia Space), defence systems (Oto Melara, WASS, MBDA) and transportation (Ansaldo STS, AnsaldoBreda).