Finmeccanica

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Finmeccanica S.p.A.

Type	Public (BIT: FNC)
Founded	1948
Headquarters	Rome
Revenue	€ 13.429 billion 2007
Net income	€ 1.020 billion 2006
Employees	60.748 (2007)
Website	www.finmeccanica.com

Finmeccanica S.p.A. is an Italian conglomerate. Finmeccanica is the second largest industrial group and the first of the hi-tech industrial groups based in Italy. It works in the fields of defence, aerospace, security, automation, transport and energy. The company has offices in over 100 countries.

1 History
2 Organisation
- 2.1 Joint ventures
3 Fhink Master
4 References
5 External links

[edit] History

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The company was established in 1948.

In 1992 Finmeccanica's Agusta became a 32% partner in NHIndustries, the prime contractor for NH90 helicopter, along with Eurocopter (62.5%) and Fokker (5.5%).

In July 2000 Finmeccanica and the British GKN plc agreed to merge their respective helicopter subsidiaries (Agusta and GKN-Westland Helicopters) to form AgustaWestland. On May 26, 2004 GKN confirmed that it would sell its share to its Finmeccanica for £1.06 billion.

In December 2001 the missile business of Alenia Marconi Systems (AMS), a joint Finmeccanica/BAE Systems company, was merged with other European missile manufacturers to form MBDA which thus became the world's second largest missile manufacturer.^[1]

In July 2003 Finmeccanica and BAE Systems announced their intention to set up three joint venture companies, to be collectively known as Eurosystems. These companies would have pooled the avionics, C4ISTAR and communications businesses of the two companies.^[2] However the difficulties of integrating the companies in this way led to a re-evaluation of the proposal; BAE's 2004 Annual Report states that "recognising the complexity of the earlier proposed Eurosystems transaction with Finmeccanica we have moved to a simpler model". The main part of this deal was the dissolution of AMS and the establishment of SELEX Sensors and Airborne Systems. In late March 2007 BAE Systems sold its 25% share of SELEX Sensors and Airborne Systems to Finmeccanica for €400 million (approx. £270 million c. 2007).^[3]

In May 2008 Finmeccanica announced its intention to purchase the U.S. defense contractor DRS Technologies for nearly $5.2 billion.

[edit] Organisation

Through its Alenia Aeronautica subsidiary, Finmeccanica is a 21% shareholder of Eurofighter GmbH.

Aeronautics

Alenia Aeronautica
Alenia Aermacchi
Alenia Aeronavali
ATR (50%) - One of the largest producers of 40-70 seat turboprop aircraft.

Helicopters

AgustaWestland

Space

Defence electronics

SELEX Galileo
SELEX Sistemi Integrati
SELEX Communications

Information Technology

Elsag Datamat
Elsag Datamat is a company that designs, produces and supplies advanced technology IT systems and solutions for applications in security, automation, transport, defence and space. Elsag Datamat forms part of the "Defence Electronics" division of Finmeccanica, a leading industrial group at global level.

Energy and transportation

Ansaldo Energia
The company has more than a hundred years of power generation experience and an installed capacity exceeding 153,000 MW in over 75 countries. Revenues in 2003 stood at 802 million euros.
Ansaldo Fuel Cells
In June 2004 Ansaldo Fuel Cells inaugurated the Terni industrial fuel cell production facility for stationary applications. The production capacity, initially 3 MW, should have reached 15 MW by 2006.
Ansaldobreda
Heavy and Light Rail Vehicles are to be found in Denmark (83 diesel trains and 19-29 metro cars), Norway (36 electric trains+16 light metro vehicles), Madrid (180 heavy metro vehicles), Gothenburg (40 Sirio light rail stock), Birmingham+Manchester (32+6 light metro vehicles), Lille (24 light metro vehicles), SanFrancisco+Boston (151+100 light metro vehicles), Atlanta+LosAngeles (100+42 heavy metro vehicles), and Athens (35 Sirio light rail vehicles).

[edit] Joint ventures

MBDA (25%)
Horizon SAS and EuroSysNav
50-50 joint ventures between DCNS of France and Finmeccanica/Fincantieri of Italy for the design and construction of 27 FREMM multirole frigates and 4 Horizon anti-air frigates. FREMM/Horizon, at a cost of 4.3 billion euros, is Europe's second largest naval program (after the UK Type 45 destroyer program)
Eurotorp
50-50 joint venture between Finmeccanica and DCN/Thales of France. Eurotorp is the world market leader for lightweight torpedoes, and the European leading company in antisubmarine weapon systems.
NHIndustries
Eurofighter GmbH (21%)
Joint venture with EADS and BAE Systems for co-ordination of the design, production and upgrade of Eurofighter Typhoon.
Global Military Aircraft Systems (GMAS) between Alenia North America Inc and L-3 IS (subsidiary of L-3 Communications) in order to compete for the FCA program (Future Cargo Aircraft):
Superjet 100

[edit] Fhink Master

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The Fhink Master is an initiative developed by Finmeccanica to forge a link between academic institutions and industry to develop students from high-potential graduates into world class professionals working in an international business engineering environment. It was adopted by the Finmeccanica Board on May 11 2006, and initiated its first edition on November 15 2006.^[4] Areas covered by the programme are project & program management, operations & technology management, marketing & sales, business development, strategic management, business improvement, risk management, and financial control.

The Master's Programme combines intensive learning with an internship in one of the Finmeccanica Group operating companies, totalling approx. 1500 hours of full-time learning and development activities. Following the successful completion of the programme, graduates will be offered a job opportunity within a Finmeccanica group company. Furthermore, Finmeccanica also offers financial support, for all participants, to cover tuition fees, accommodation and living expenses. The Master's Programme is taught in English and held in Rome (Italy).

[edit] References

^ "EADS, BAE and Finmeccanica Complete MBDA Merger", Defense Daily International, 2001-12-21. Retrieved on 2007-10-04. "the new MBDA, the world's second largest missile manufacturer behind Raytheon"
^ "BAE ties up £2.6bn Italian deal", BBC News, BBC, 2003-06-03. Retrieved on 2007-09-13.
^ Parmalee, Patricia J.. "Selex Sale Sealed", Aviation Week & Space Technology, The McGraw-Hill Companies, 2007-04-09. Retrieved on 2007-08-13.
^ Adapted from Finmeccanica Annual Report 2006