IRI-Finmeccanica is giant state corporation, parent of numerous companies including Aermacchi and Alenia. As of April 2016, the company was known by the transitional name of Leonardo-Finmeccanica as part of the restructuring process of the company carried out by CEO Mauro Moretti from the beginning of his mandate in 2014. The company changed its name to Leonardo S.p.A. on 1 January 2017.