Last €7.19 EUR
Change Today +0.14 / 1.99%
Volume 4.1M
As of 9:51 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

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finmeccanica spa (FNC) Details

Finmeccanica SpA is engaged in the helicopters, defense and security electronics, aeronautics, space, defense systems, transportation, and other fields in Italy, the United Kingdom, rest of Europe, North America, and internationally. The company manufactures helicopters and rotorcrafts for commercial and military applications; and designs, develops, produces, and supports a range of systems for defense, aerospace, information security and protection, infrastructure, and territory, as well as provides sustainable solutions. It is also involved in the design, development, manufacture, maintenance, and overhaul of civil and military aircrafts, unmanned aerial vehicles, training aircrafts, and aerostructures, as well as turboprop aircrafts. In addition, the company designs and develops space systems to the management of launch services and in-orbit satellite control, including earth observation services, integrated communications, satellite navigation, and localization to scientific programs. Further, it produces small and medium calibre naval guns, artillery to armored vehicles, and guided ammunition to anti-aircraft systems; torpedoes, underwater surveillance sonar systems, and anti-torpedo countermeasure systems for submarines and surface vessels, as well as provides technical support service; and missiles and missile systems for armed forces. Additionally, the company manufactures high-speed trains, diesel and electric locomotives, double-decker electric trains, electric multiple units, diesel multiple units, modern driverless metro systems, and modular light rail vehicles; and buses, as well as designs and supplies traffic management systems, and provides signaling and related services. It is also involved in the design and construction of industrial plants. The company was founded in 1948 and is headquartered in Rome, Italy.

55,690 Employees
Last Reported Date: 08/1/14
Founded in 1948

finmeccanica spa (FNC) Top Compensated Officers

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finmeccanica spa (FNC) Key Developments

Finmeccanica Shortlists Two For Rail Assets

Finmeccanica SpA (BIT:FNC) has shortlisted two bidders for the rail assets it has put up for sale to cut debt and focus on its core aerospace and defense businesses, Chief Executive Officer Mauro Moretti said. Moretti said on the sidelines of an event in Rome that Finmeccanica, which is being advised by UBS and Mediobanca, will pick the winning bidder by the end of October 2014, or early in November 2014. He did not disclose any names. Finmeccanica put its cash-burning train unit AnsaldoBreda S.p.A. and its stake in Ansaldo STS SpA (BIT:STS) on sale more than three years ago but political meddling and a corruption scandal has delayed the process. Japanese newspaper Nikkei reported earlier this month that industrial giant Hitachi Ltd. (TSE:6501) and China CNR Corporation Limited (SHSE:601299) were the two finalists.

CNR Reportedly Eyes Ansaldo

Persons with China CNR Corporation Limited (SHSE:601299) are interested in the assets and equities of Ansaldo STS SpA (BIT:STS). A consortium formed by CNR and another Chinese company has offered to Finmeccanica SpA (BIT:FNC) to acquire Ansaldo in cash, according to media.

Bombardier And Hitachi Are Reportedly Two Frontrunners To Buy AnsaldoBreda

Bombardier Inc. (TSX:BBD.B) and Hitachi Ltd. (TSE:6501) are the two frontrunners to buy Finmeccanica SpA's (BIT:FNC) rail subsidiaries, several sources close to the auction process said. Finmeccanica has been trying to sell AnsaldoBreda S.p.A. together with its profitable rail signals business Ansaldo STS SpA (BIT:STS) for three years, to help reduce net debts of $6.4 billion. The sources said Bombardier and Hitachi are expected to bid for Finmeccanica's rail businesses ahead of an August 29, 2014 deadline. Three other groups are also expected to bid. A spokesman for Finmeccanica, which is being advised on the sale by Mediobanca and UBS, said the process remained open and offers needed to reflect the value of the assets and guarantee investment and development prospects. The sources close to the auction process, who declined to be named because the talks are private, said Bombardier and Hitachi had the most overlap with train builder AnsaldoBreda. Several sources said Bombardier was well-placed to win because it already works with AnsaldoBreda. Representatives of Bombardier and Hitachi declined to comment.


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