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Leonardo forms new U.K. company, consolidates businesses

By Richard Tomkins

LONDON, Jan. 13 (UPI) -- Leonardo has consolidated its businesses in Britain under a single entity called Leonardo MW Ltd.

The new company is comprised of AgustaWestland Ltd, Selex ES Ltd, Finmeccanica UK Ltd, and DRS Technologies UK Ltd.

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"With the support of the UK Government, Leonardo is ready to invest and grow its business in and from the UK, committing to long-term innovative partnerships," said Mauro Moretti, chief executive officer and general manager of Leonardo at a news conference in London.

The integration makes Leonardo MW Ltd. one of Britain's largest high-tech engineering companies, with more than 71,000 employees.

"In the UK, Leonardo is uniquely placed to offer a full spectrum of capability across platforms, systems and sensors, providing integrated solutions and support for our customers in the air, land, maritime and cyber domains," said Norman Bone, chairman and managing director of Leonardo MW Ltd. "We are now able to present a coherent face to our customers and stakeholders in the UK, and to our export customers throughout the world, building upon the combined strengths of Leonardo as a whole."

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