AERO/DEF

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VSE Corp announces plan to consolidate two operating groups

Thursday, 18 Sep 2014 05:50pm EDT

VSE Corp:Plans to consolidate its International Group and Federal Group, and report their combined results as a single operating group beginning in 2015.

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.

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