The board of Finmeccanica has approved plans for a new organizational and operating model for its companies. Finmeccanica, which is saddled with high debts, is looking to divest its transportation units and make aerospace, defense and space its core focus. Companies affected by the changes are AgustaWestland, AleniaAermacchi, Selex ES, OTO Melara, WASS and SuperJet International. Other firms in the group, including DRS Technologies and FATA, will be managed separately. Finmeccanica said it ...

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