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March 3, 2021 | International, C4ISR, Security

Italy’s Leonardo to list DRS subsidiary on New York Stock Exchange

Italian state-controlled defense company Leonardo has confirmed plans to list U.S. subsidiary DRS on the New York Stock Exchange.

https://www.defensenews.com/industry/2021/02/26/italys-leonardo-to-list-drs-subsidiary-on-new-york-stock-exchange

On the same subject

  • Leonardo signs contract to upgrade Italian Armed Force’s identification systems to new NATO standard

    March 6, 2020 | International, C4ISR, Security

    Leonardo signs contract to upgrade Italian Armed Force’s identification systems to new NATO standard

    Rome, March 5, 2020 - Leonardo has signed a contract with the Italian Defence authorities to supply and install ‘New Generation Identification Friend or Foe' (NGIFF) identification equipment, updated to the latest NATO Mode 5 Baseline 3 standard, for the Italian Armed Forces' land and naval platforms. The contract is worth approximately €75 million and will last for six years. Leonardo will supply several hundred NGIFF interrogators and cryptographic units in order to upgrade dozens of land and naval platforms across 15 different classes and types. The NGIFF systems will allow the Italian Armed Forces to maintain full interoperability with other NATO forces in joint operations as the alliance mandates the use of ‘Mode 5'-capable systems in its Minimum Military Requirements (MMR) for Air-to-Air and Surface-to-Air Identification. The Mode 5 standard confers a number of benefits in terms of identification and security. Identification Friend or Foe (IFF) technology is essential to military operations as it allows allied forces to be distinguished from potential threats. Under this contract, the equipment for Italy's land and naval platforms will provided entirely by Italian industry. Notably, Leonardo's Mode 5 NGIFF equipment uses the company's own cryptographic unit, which is the only alternative to a U.S. cryptographic system available on the market. Future contractual developments are planned which will see Leonardo equip further Italian aircraft and helicopters with the same capability, bringing them in-line with NATO standards. Leonardo is a worldwide leader in Mode 5-capable NGIFF technology. Previously, the company has been chosen by the UK Ministry of Defence to upgrade the IFF systems of over 400 air, land and naval platforms in collaboration with a partner company. View source version on Leonardo : https://www.leonardocompany.com/en/press-release-detail/-/detail/leonardo-signs-contract-to-upgrade-italian-armed-force-s-identification-systems-to-new-nato-standard?f=%2Fhome

  • Missile Defense Agency seeks $9.6 billion in FY23 budget

    March 30, 2022 | International, Land

    Missile Defense Agency seeks $9.6 billion in FY23 budget

    The Missile Defense Agency is prioritizing efforts to go up again evolving threats like hypersonic weapons and cruise missiles including funding for a new missile defense architecture on Guam and development of a glide-phase hypersonic weapon interceptor in its FY23 budget request.

  • Rheinmetall Defence Australia seeks industry partners for Royal Australian Navy’s Multi Ammunition Softkill System (MASS)

    November 7, 2023 | International, Land

    Rheinmetall Defence Australia seeks industry partners for Royal Australian Navy’s Multi Ammunition Softkill System (MASS)

    Following extensive trials, MASS was selected on account of its unique capabilities.

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