Military industrial complex

Arrivederci, Finmeccanica: Italian Defense Giant Rebrands as Leonardo

Finmeccanica, the Italian defense group, will change its name to Leonardo, the company said Wednesday, a move reflecting CEO Mauro Moretti’s radical restructuring of the company.

The new name, which refers to Italian 15th century artist Leonardo Da Vinci, was approved by the Finmeccanica board on Wednesday as the firm’s 2015 results, which showed a €527 million (US $590 million) profit, were signed off.

The name must still be approved at a shareholders’ meeting in April, but that is considered a formality.