GENOA — Finmeccanica’s first-half results confirm that the company is recovering financially, but its growing debt is becoming an issue for management. Giuseppe Orsi, chairman and CEO, says Finmeccanica will dispose of assets worth €1 billion ($1.2 billion) before the close of the year, which should allow the company to reduce its debt. At the end of June that debt stood at €4.6 billion, an 11% increase over the same period of 2011. And the Italian economic crisis casts further doubt ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Finmeccanica On Path To Recovery, But Debt Increasing".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.