SELEX Galileo

SELEX Galileo Ltd.
Type Private (Subsidiary of Finmeccanica SpA)
Industry Defence, Electronics
Headquarters Basildon, UK, Florence, Italy
Key people Allan Cook (Chairman)
Fabrizio Giulianini (CEO)
Products Avionics and Mission Systems, Electronic Warfare Systems, Electro-Optics, Radar, Laser, IR Detectors, Cameras, Seekers, Sensors, Unmanned Aerial Systems, Simulators, Sensors and Scientific Payloads for Space and Support Services.
Revenue € 1,755 million (2008)
Employees 7,050 (2008)
Parent Finmeccanica S.p.A.
Website www.selexgalileo.com

SELEX Galileo is a major defence electronics company that specialises in surveillance, protection, tracking, targeting, navigation and control, and imaging systems. It is owned by the Italian company Finmeccanica.

SELEX was created by the Eurosystems transaction between Finmeccanica and BAE Systems which saw the merger of their avionics businesses. Part of BAE Systems Avionics became SELEX Sensors and Airborne Systems Ltd (SELEX S&AS), while part remained with BAE Systems, becoming part of BAE Systems North America Group.

From January 2008, SELEX S&AS and Galileo Avionica began to operate under a common brand name, SELEX Galileo. In January 2010, the operating companies’ legal names were aligned to the brand, becoming SELEX Galileo Ltd and SELEX Galileo S.p.A. respectively. SELEX Sensors and Airborne Systems (US) Inc became SELEX Galileo Inc.

Contents

History

Formation

Eurosystems was to be a group of three joint venture companies pooling the avionics, C4ISR and communications businesses of BAE Systems and Finmeccanica.[1] The proposal was announced in July 2003. The difficulties of integrating the companies in this way lead 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."[2]

This revised agreement (the Eurosystems Transaction) was signed on January 27, 2005. BAE and Finmeccanica announced the intention to dissolve their partnership in the AMS joint venture with AMS' UK and Italian operations to be taken over by the respective partners.

On May 3, 2005, the Eurosystems Transaction was finalised with:

Subsequent history

BAE Systems sold its 25% share of SELEX S&AS to Finmeccanica for €400 million in March 2007.[3]

From January 2008, SELEX S&AS Limited and Galileo Avionica S.p.A. began to operate under a common brand name, SELEX Galileo. In January 2010, the operating companies’ legal names were aligned to the brand, becoming SELEX Galileo Ltd and SELEX Galileo S.p.A. respectively. SELEX Sensors and Airborne Systems (US) Inc became SELEX Galileo Inc.[4]

In February 2010 SELEX was awarded a £19 million contract by the UK Ministry of Defence for an AESA radar technology demonstration programme focusing on its potential for use on future Royal Air Force Typhoons.[5][6]

Locations and Activities

The Company employs over 7000 personnel with operations in the United Kingdom, Italy and the United States.

UK sites include:

Italian sites include:

USA sites include:

See also

References

  1. ^ "BAE ties up £2.6bn Italian deal". BBC News. 2003-07-03. http://news.bbc.co.uk/1/hi/business/3043328.stm. 
  2. ^ BAE Systems 2004 Annual Report
  3. ^ Parmalee, Patricia J. (2007-04-09). "Selex Sale Sealed". Aviation Week & Space Technology (The McGraw-Hill Companies). 
  4. ^ About Us: Company History
  5. ^ http://www.flightglobal.com/articles/2010/02/18/338534/uk-to-fly-selex-aesa-radar-on-eurofighter-typhoon.html
  6. ^ http://www.selex-sas.com/EN/Common/files/SELEX_Galileo/Press_Releases/UKTDPCONTRACT_AESA_ENG.pdf

External links