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1948 The year of foundation	The company was established in 1948 as a subholding for mechanical industry of state owned IRI. Finmeccanica has held for years some historic Italian enterprises, such as Alfa Romeo (automobile), Aeritalia (aerospace) and Ansaldo (engineering). From 1960s to 1980s Italy's defence and aerospace industry was split in different state-holding entities: so EFIM owned the helicopters manufacturer Agusta, the defence company Oto Melara and the electronic enterprise Officine Galileo, whereas STET (another IRI subsidiary) held Selenia, Elsag and SGS Thomson, all electronic enterprises with specializations in security and defense. In 1989 an internal IRI reorganization process brought STET electronic enterprises to Finmeccanica, that from Aeritalia-Selenia merger made up its aerospace subsidiary Alenia.
The 90s	In 1992 EFIM wound up because of troubled financial situation; so Agusta, Oto Melara, Officine Galileo and Breda passed to Finmeccanica, which became one of the most important Italian industrial groups. Finmeccanica, which was previously fully state owned by IRI, went under a privatization process in 1993, when it was listed in Milan Borsa Italiana. In 1992 Finmeccanica's Agusta became a 32% partner in NHIndustries, the prime contractor for NH90 helicopter, along with Eurocopter (62.5%) and Fokker (5.5%).
Early 2000s	In July 2000 Finmeccanica and the British GKN agreed to merge their respective helicopter subsidiaries (Agusta and GKN-Westland Helicopters) to form AgustaWestland. In December 2001 the missile business of Alenia Marconi Systems (AMS), a joint Finmeccanica/BAE Systems company, was merged with other European missile manufacturers to form MBDA which thus became the world's second largest missile manufacturer. In July 2003 Finmeccanica and BAE Systems announced their intention to set up three joint venture companies, to be collectively known as Eurosystems. These companies would have pooled the avionics, C4ISTAR and communications businesses of the two companies. In March 2007 BAE Systems sold its 25% share to Finmeccanica for €400 million. In January 2013 the company merged with Finmeccanica's other defence electronics companies, SELEX Elsag and SELEX Sistemi Integrati, to become Selex ES. In May 2008 Finmeccanica announced its intention to purchase the U.S. defense contractor DRS Technologies for nearly $5.2 billion. On 22 October 2008 the sale of DRS Technologies was finalized.
2011 – 2013 The sale of Ansaldo Energia	Some judicial inquiries involve Finmeccanica on several fronts and involve various management changes. In July 2013, the Letta government appointed former police chief Giovanni De Gennaro as Chairman of Finmeccanica. In December 2013 Finmeccanica sold 39.55% of its share capital in Ansaldo Energia to Fondo Strategico Italiano. The remaining 15% of Finmeccanica's share will be sold by December 31, 2017.
2014-2016 Finmeccanica becomes One Company	In the first half of 2014, Finmeccanica's new Chief Executive Officer and General Manager Mauro Moretti started a process of profound change for the Group, both in terms of strategic choices and organizational structure. The goal was to create a more cohesive, homogeneous and efficient group in which all processes (research, marketing and sales, engineering, procurement, strategies and governance) are centralized and integrated and can interact more effectively for the benefit of industrial productivity in the various sectors where the Group is present and become more competitive in global markets encompasses the 100% owned companies of the core aerospace and defence business (AgustaWestland, Alenia Aermacchi, Oto Melara, Selex ES and WASS) transformed into seven new Finmeccanica divisions. The current holding company will then become an operating company based on seven major business areas, maintaining its parent company and corporate centre function for the Group companies excluded from the model (DRS Technologies, Telespazio, Thales Alenia Space, MBDA and ATR). At the end of 2014, Finmeccanica transferred its stake in BredaMenarinibus to the newco Industria Italiana Autobus (20% Finmeccanica and 80% King Long), thereby taking a further step in the Group's portfolio rationalization process. In 2015 Hitachi signed a binding agreement with Finmeccanica for Hitachi's acquisition of the AnsaldoBreda business, excluding some revamping activities and residual contracts, and of the entire Finmeccanica stake in the share capital of Ansaldo STS, approximately 40% of the total capital. FATA, another subsidiary of the Finmeccanica Group since 2004 that was not part of the core business, was sold in 2015 to the Gruppo Danieli, dealing in the production of steel plants. Since 1st January 2016, Finmeccanica become a single integrated industrial entity (One Company) that have absorbed the activities of AgustaWestland, Alenia Aermacchi, Selex ES, OTO Melara and WASS.