AERO/DEF

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Bombardier Inc announces new organizational structure

Wednesday, 23 Jul 2014 04:30pm EDT

Bombardier Inc:Announces the implementation of a new organizational structure, comprised of four business segments Bombardier Transportation, Bombardier Business Aircraft , Bombardier Commercial Aircraft , Bombardier Aerostructures and Engineering Services.All four business segments will report directly to Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc.

Finmeccanica SpA approves guidelines to implement Group's new Organizational and Operating Model

Thursday, 19 Jun 2014 05:07pm EDT

Finmeccanica SpA:Says the Board approved the guidelines to implement the new Group Organizational and Operating Model.The Model encompasses in the new perimeter operating companies, 100 pct owned, of the Aerospace and Defence core business.These companies will be transformed into divisions of the new Finmeccanica, which will on the one hand be an operating company founded on divisions, and on the other, maintain its role as Parent Company and corporate center for those companies which are not part of the divisionalisation process.Says these are the companies undergoing strategic evaluation (the Transportation sector and FATA), International Joint Ventures in Space (Thales Alenia Space and Telespazio) and in the missile sector (MBDA) and DRS Technologies (under Proxy).The execution of the new Model, to be completed by end of 2015, will start in by transferring the registered headquarters and offices of the CEOs of the operating companies involved to the Finmeccanica HQ and by rationalizing international offices established in key markets.Says the Board of Directors of Finmeccanica also resolved to establish the new Analysis of International Scenarios Committee, to replace the previous Strategy Committee.

OHB AG plans to merge OHB System AG and Erwin Kayser-Threde GmbH

Monday, 19 May 2014 07:59am EDT

OHB AG:Says it will be pooling the skills and capacities of its subsidiaries, OHB System AG and Erwin Kayser-Threde GmbH, with the aim of additionally strengthening OHB as a German space technology group in the European market.Says the possibility of merging the two companies is being explored in detail in order to additionally strengthen the joint activities and to address future challenges in operating activities more effectively.Says these preparations are to be completed by the end of Aug.Says the merger will result in a system company for satellites and payloads in Germany capable of assuming a new role in the European market on account of its scale.Says the transaction will be a merger of equals with key management functions.

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