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Financial Advisor


Value Not Disclosed 04/28/2023 Aerospace & Defense Complete
Private Companies
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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 (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 (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.
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