MILAN, Nov 7 (Reuters) – Leonardo (LDOF.MI) has agreed to sell the air traffic management (ATM) business of its subsidiary Selex ES to Spain’s Indra Sistemas, the Italian defense group said on Monday. The controlling company Indra Air Traffic .
It added in a statement that the transaction is expected to close in the first quarter of 2023, without disclosing any financial details.
The ATM business of Leonardo’s US division Selex ES “is a leading developer and manufacturer of en-route navigation, surveillance and precision approach and landing systems,” Leonardo said.
Reporting by Cristina Carlevaro, Editing by Federico Maccioni
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