Finmeccanica kicks off landmark business reorganisation

July 30, 2015 1:22 PM

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MILAN, July 30 Italian defence group Finmeccanica has started a process to turn its businesses into divisions, it said on Thursday, a landmark move that will streamline its organisation and could lead to the sale of non-core assets.

Finmeccanica said its core aerospace and defence subsidiaries OTO Melara, Whitehead Sistemi Subacquei, Alenia Aermacchi, AgustaWestland and Selex ES will be turned into divisions.

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