ATR has chosen former company chief executive Filippo Bagnato to replace outgoing CEO Stephane Mayer, whose three-year mandate has expired in accordance with the Franco-Italian company’s statutes. Bagnato served as ATR’s CEO between 2004 and 2007. For the past three years he held the position of Finmeccanica’s executive vice president of technical, industrial and commercial development.
Selex Galileo (Stand OE1 & OE2) is displaying a range of its radar, electro-optic/infrared and electronic warfare sensors here at Farnborough. The company, part of the Finmeccanica group, has been selected to supply sensors to many of Europe’s leading programs, as evidenced by its place on Eurofighter’s Typhoon combat aircraft as provider of the Captor radar, Praetorian defensive aid suite and Pirate infrared search and track.
Pressure to reduce costs is the top priority facing aerospace executives, according to a new survey by global management consultancy Accenture. As a result, companies will be forced to increase the use of external engineering services over the next three years, it finds.
On Tuesday, AgustaWestland broke ground on a new Russian production plant at Tomilinom, near Moscow. The 120,000-sq-ft building will house another final assembly line for the AW139 medium twin helicopter that will be operated by HeliVert, a 50-50 joint venture between AgustaWestland and state-owned Russian Helicopters. The AW139 is currently manufactured in Italy, as well as in the U.S. at Agusta’s Philadelphia plant.
A spokesman for AgustaWestland (AW) told AIN that the company is still in the hunt for the U.S. VXX Presidential helicopter replacement program, commonly known as Marine One. Pier Francesco Guarguaglini, the chairman and CEO of AW parent company Finmeccanica, suggested that AW could partner with Boeing and L-3 for the contract.
AgustaWestland’s Deliveries Up, Orders Down for Last Year
AgustaWestland parent company Finmeccanica on Friday disclosed its 2009 results, showing increased deliveries but slashed orders for the Anglo-Italian helicopter manufacturer. Revenues grew by 15 percent to €3.48 billion (about $4.7 billion) in 2009. This was influenced by robust deliveries of AW139 medium and AW101 heavy helicopters, as well as product support results, the company said. The pre-tax earning margin stagnated at 10.7 percent.
To the accompaniment of multicolored lights and music, AgustaWestland unveiled its new AW109 Grand New here yesterday. According to AgustaWestland head of marketing Roberto Garavaglia, the helicopter is a “step change” follow-on to the popular AW109S Grand.
AgustaWestland CEO Giuseppe Orsi offered a satisfactory look back at 2009, as well as a positive forecast, during a Heli-Expo press conference on Saturday here in Houston.
“Last year was better than we had expected,” he said, although the year-end numbers won’t be announced officially by Finmeccanica, AgustaWestland’s parent company, until early next month. “Despite the [economic] crisis, 2009 was a great year for us.”
Selex Galileo (Stand J39) believes it can become a key player in defense electronics in Southeast Asia. Here at the Singapore Airshow, the Finmeccanica subsidiary is promoting defensive aids, electro-optical (EO) sensors for maritime surveillance and active array radars.