Leonardo | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor

Leonardo

Value Not Disclosed 04/28/2023 Aerospace & Defense Complete
Private Companies
Show Tombstone

Transaction Details

  • On April 28, 2023, Leonardo completed the sale of the Air Traffic Management (ATM) activities of Selex ES Inc. to Indra Air Traffic, Inc., a wholly-owned subsidiary of the Spanish company Indra Sistemas S.A.
  • The ATM line of business will be incorporated as Indra Air Traffic, Inc., a center of excellence for air navigation aid systems in Overland Park, Kansas, from where service will be provided to customers in the US and the rest of the world.
  • “The combination of Indra and the assets acquired from Selex in the United States will yield important synergies for our Aerospace and Defense business in the current US market, currently the largest in the world, and the upcoming Federal Aviation Administration programs to renew infrastructures. This acquisition, to date our most significant purchase in the ATM (Air Traffic Management) market in the US, will establish us as a major global player throughout the sector, particularly in the air navigational aid system segment”, said Indra CEO Ignacio Mataix.

About the company

Air Traffic Management Business Unit of Selex ES Inc., a Wholly Owned US Subsidiary of Leonardo

The Air Traffic Management business of Selex ES Inc., based in Kansas, US, is a leading developer and manufacturer of en-route navigation, surveillance and precision approach and landing systems. Selex has installed air traffic navigation systems in 110 countries. Its product portfolio includes solutions such as the only Distance Measuring Equipment (DME) fully qualified by US Federal Aviation Administration (FAA), a recognized VOR used for en-route and approach navigation, and a TACAN, providing navigational information to military and civilian aircraft. Selex also holds a solid market share within instrument landing systems (ILS), in particular in North America as the sole provider to the US Air Force and US Navy.

Leonardo

Leonardo (BIT:LDO), a global high-technology company, is among the top world players in Aerospace, Defense and Security and Italy’s main industrial company. Organized into five business divisions, Leonardo has a significant industrial presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries that include Leonardo DRS (defense electronics), and joint ventures and partnerships: ATR, MBDA, Telespazio, Thales Alenia Space and Avio. Leonardo competes in the most important international markets by leveraging its areas of technological and product leadership (Helicopters, Aircraft, Aerostructures, Electronics, Cyber & Security Solutions and Space).

Indra

Indra (BME:IDR) is one of the leading global technology and consulting companies and the technological partner for core business operations of its customers worldwide. It is a world-leader in providing proprietary solutions in specific segments in Transport and Defense markets, and a leading firm in Digital Transformation and Information Technologies in Spain and Latin America through its affiliate Minsait. Its business model is based on a comprehensive range of proprietary products, with a high-value, end-to-end focus and with a high innovation component.

Source: Leonardo and Indra press releases.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    “Stephens” (the company brand name) is a leading family-owned independent financial services firm. Stephens’ US operations are headquartered in Little Rock, AR, with strategic locations in the US and a European presence in the UK and Germany. Stephens Inc. is a Member of the New York Stock Exchange and the Securities Investor Protection Corporation and is regulated by the United States Securities and Exchange Commission and the Financial Industry Regulatory Authority. Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024) is authorised and regulated by the Financial Conduct Authority. For more information, visit www.stephens.com. © 2023 Stephens