Italy’s Finmeccanica group is set to begin 2016 under a new unified structure that ends its long-standing structure of being a holding group consisting of multiple separately controlled businesses. On January 1, the restructured company will fully implement a reorganization process launched by CEO and general manager Mauro Moretti back in June 2014.
In the future, Finmeccanica will consist of the following four sectors that will be responsible for strategic coordination: helicopters; aeronautics;, electronics, defense and security systems; and space. Beneath these sectors will be the following seven divisions, which will handle business delivery with full responsibility for managing their own operations and finances: helicopters; aircraft; aerostructures; airborne and space systems; land and naval defense electronics; defense systems; and security and information systems. As part of the preparations for the reorganization, in September 2015 the ownership structures of subsidiary companies Alenia Aermacchi, AgustaWestland and Selex were adjusted to take account of the new sectors and divisions.