Authorities also ordered the house arrest of AgustaWestland CEO Bruno Spagnolini.
Finmeccanica, which is 30-per cent government owned and once considered a jewel among Italian companies, said in a statement that the company will continue operating as usual and expressed support for the executives. The statement called the measures against Orsi and Spagnolini “precautionary.”
Orsi has repeatedly denied paying any bribes.
The company and its executives have been the target of a wide-ranging investigation into alleged corruption in the awarding of international contracts. Mr. Orsi replaced the former CEO who resigned under government pressure.