As DCNS continues on its restructuring path, the company took another step in this direction and renamed itself Naval Group earlier this year. The renaming is part of an effort aimed at improving the company’s exposure and recognition in international markets. Continue reading
Under Finmeccanica’s latest “One Company” restructuring effort (effective January 1, 2016), the firm is now focused on the helicopters; aeronautics; space; and catchall electronics, defense, and security systems sectors. The company serves these sectors through seven divisions formed from the legacy companies of AgustaWestland, Alenia Aermacchi, Selex ES, Oto Melara, and WASS. Previously, the headquarters of Finmeccanica acted as more of a holding company for the aforementioned operating brands. The aim of the restructuring effort is to cut costs by removing areas of duplication in areas such as R&D and to divest unprofitable activities across the board. Continue reading
Finmeccanica’s restructuring is beginning to pick up steam. In late 2014, the company initiated a landmark restructuring that will streamline operations, reduce redundancies, and possibly lead to the sale of some non-core assets. Continue reading
It has been a long and difficult road, but Finmeccanica is finally getting its house in order. CEO Mauro Moretti, who took the helm in early 2014, has wasted no time in examining the conglomerate’s issues and quickly acting to correct course.