Key Developments: Finmeccanica SpA (SIFI.MI)

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Latest Key Developments (Source: Significant Developments)

Finmeccanica SpA and unit Fincantieri SpA win 1.1 billion euro Italian navy contract
Wednesday, 1 Jul 2015 11:39am EDT 

Finmeccanica SpA:Won 1.1 billion euro contract to build multi-purpose amphibious unit for the Italian navy.Fincantieri share of the contract is 853 million euros and Finmeccanica share is 273 million euros.Scheduled delivery is in 2022.  Full Article

Finmeccanica and Fincantieri sign 3.5 bln euro Navy contracts
Thursday, 7 May 2015 01:45am EDT 

Finmeccanica SpA:Says signed contracts worth in total 3.5 billion euros to build seven naval units: six patrol vessels and one logistic support unit.Says Fincantieri's share of the project is worth around 2.3 billion euros, Finmeccanica's about 1.2 billion euros.Says delivery of the logistic support unit is scheduled for 2019.Says the patrol vessels are expected to be delivered between 2021 and 2025.  Full Article

Finmeccanica unit strikes $539 mln deals
Wednesday, 8 Apr 2015 11:50am EDT 

Finmeccanica SpA:Says DRS unit strikes deals with Canadian, U.S. armed forces.Says deals worth total of $539 mln.  Full Article

Eutelsat Communications and Telespazio France, company belonging to Finmeccanica SpA/Thales group, win deal in Guyana
Wednesday, 8 Apr 2015 06:23am EDT 

Eutelsat Communications SA:Wins deal in Guyana together with Telespazio France, French subsidiary of Telespazio, company belonging to Finmeccanica/Thales groups.Says contract is awarded by Guyana digitalization public entity SPLANG (Société Publique Locale pour l'Aménagement Numérique de la Guyane) and concerns provision of broadband internet and mobile telecommunication services.Services to be provided through band C capacity on Eutelsat 3B satellite.  Full Article

Finmeccanica wins new contract from Trenitalia
Wednesday, 1 Apr 2015 05:16am EDT 

Finmeccanica SpA:New train carriages "Vivalto" commissioned from Finmeccanica-AnsaldoBreda by Trenitalia.Trenitalia thus exercises option on previous contract signed in March 2010.Order is worth 98 million euro.  Full Article

790 million euro contract awarded to Finmeccanica by the UK Ministry of Defence for AgustaWestland AW101 Merlin support
Thursday, 26 Mar 2015 07:46am EDT 

Finmeccanica SpA:UK Ministry of Defence awards company with a new contract valued at about 790 million euro to provide support services for the UK's AgustaWestland AW101 Merlin helicopter fleet.five year contract, for the period 1st April 2015 to 31st March 2020, is part of the 25-year Integrated Merlin Operational Support (IMOS) programme signed in March 2006.  Full Article

Hitachi to pay Finmeccanica 9.5 euros per Ansaldo share after div adjustment-Reuters
Friday, 6 Mar 2015 02:50pm EST 

Finmeccanica SpA:Hitachi will pay Finmeccanica 9.5 euros for each share in the Italian firm's rail business Ansaldo STS after a dividend distribution adjustment to a previously agreed deal-Reuters.Last month, Finmeccanica agreed to sell its rail business to Hitachi as the Italian aerospace and defense group seeks to cut debt and focus on its core business.The companies agreed at the time that Hitachi would pay 9.65 euros for each Ansaldo STS share, but that figure will be adjusted after the board of Ansaldo proposed paying out a dividend on 2014 earnings of 0.15 euros a share.  Full Article

Finmeccanica SpA unit's Superjet JV wins $350 mln Mexico contract - Reuters
Monday, 2 Mar 2015 10:36am EST 

Finmeccanica SpA:SuperJet International joint venture has won a $350 million contract with Interjet to provide the Mexican airline with ten additional SSJ100 aircraft-Reuters.SuperJet, a joint venture between Finmeccanica unit Alenia Aermacchi and Russia's Sukhoi Holding, will deliver the 10 extra aircraft by the end of 2016.  Full Article

Finmeccanica SpA to sell its rail and signaling units, Ansaldo STS and AnsaldoBreda, to Hitachi-Reuters
Tuesday, 24 Feb 2015 02:20am EST 

Finmeccanica SpA:Finmeccanica has agreed to sell its rail and signaling units to Hitachi in deal it says will help it to cut its net debt this year by 600 million euros and focus on its core business - Reuters.Hitachi would pay 9.65 euros a share to buy a 40 percent stake Finmeccanica owns in signaling unit Ansaldo STS and launch a mandatory tender offer to buy all the remaining shares.Hitachi will also pay 36 million euros for Finmeccanica's AnsaldoBreda train business.Finmeccanica said it would reap a 250 million euro net capital gain from the deal.  Full Article

Finmeccanica SpA wins 110 mln euro helicoopter contract-Reuters
Thursday, 12 Feb 2015 07:24am EST 

Finmeccanica SpA:Its AgustaWestland unit had signed a contract worth around 110 million euros to supply Lease Corporation International (LCI) with 11 helicopters-Reuters.The AW169, AW139, AW189 helicopters will be delivered by LCI to the final customers between 2015 and 2016 to perform offshore transport duties.  Full Article


Russia's Superjet sees new, bigger plane by 2020

PARIS - Superjet International, an aircraft made by Russia's Sukhoi Civil Aircraft Company and Finmeccanica unit Alenia Aermacchi, could be operating a new, stretched version of its SSJ100 regional jet by 2020, an executive told Reuters.

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