© Reuters. FILE PHOTO: Leonardo logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
MILAN (Reuters) – Leonardo has agreed to sell its unit Selex ES’ Air Traffic Management (ATM) activities to Indra Air Traffic, a company controlled by Spain’s Indra Sistemas, the Italian defence group said on Monday.
The closing of the transaction is expected in the first quarter of 2023, it added in a statement, without disclosing any financial details.
The ATM business of Leonardo U.S. unit Selex ES “is a leading developer and manufacturer of en-route navigation, surveillance and precision approach and landing systems,” Leonardo said.