INDIAN ARMED FORCES CHIEFS ON OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS

The insightful articles, inspiring narrations and analytical perspectives presented by the Editorial Team, establish an alluring connect with the reader. My compliments and best wishes to SP Guide Publications.

— General Upendra Dwivedi, Indian Army Chief

"Over the past 60 years, the growth of SP Guide Publications has mirrored the rising stature of Indian Navy. Its well-researched and informative magazines on Defence and Aerospace sector have served to shape an educated opinion of our military personnel, policy makers and the public alike. I wish SP's Publication team continued success, fair winds and following seas in all future endeavour!"

— Admiral Dinesh Kumar Tripathi, Indian Navy Chief

Since, its inception in 1964, SP Guide Publications has consistently demonstrated commitment to high-quality journalism in the aerospace and defence sectors, earning a well-deserved reputation as Asia's largest media house in this domain. I wish SP Guide Publications continued success in its pursuit of excellence.

— Air Chief Marshal A.P. Singh, Indian Air Force Chief

       

 

Finmeccanica approves new project

Issue No. 6 | March 16-31, 2014

The Board of Directors of Finmeccanica, convened under the chairmanship of Gianni De Gennaro, examined and approved the project for a New Group Organisational and Operating Model applying to the Aerospace, Defence and Security sectors (A,D&S).

The new organisational model is in line with similar initiatives promoted by our main competitors aimed at effectively tackling the challenges posed by the transformations affecting the international scenarios of reference. These transformations mainly relate to the reduction of domestic budgets, the gradual completion of programmes funded by the Governments and the increase of competitiveness requirements.

The model will enable to value the human capital, increase the return on invested capital and ensure higher profitability, sustainability and cash flow generation. It represents a further significant step towards strengthening the Groups’s governance, thus executing Finmeccanica’s strategic plan as at May 2013, with the following key objectives:

  • Restructuring, re-launch and development of A,D&S, through relevant consolidation and industrial reorganisation initiatives.
  • Concentration in A,D&S, through the disposal of Ansaldo Energia and the expected deconsolidation of the transportation.
  • Enhancing of Governance, through a number of targeted initiatives aimed at shortening the reporting lines, increasing the organisation’s effectiveness and improving management efficiency.

Finmeccanica is active in the following sectors: Helicopters (AgustaWestland), Defence Electronics and Security (Selex ES, DRS) and Aeronautics (Alenia Aermacchi) – which represent its core business – and it is also well positioned in the sectors of space (Telespazio, Thales Alenia Space), defence systems (Oto Melara, WASS, MBDA) and transportation (Ansaldo STS, AnsaldoBreda, BredaMenarinibus).