Finmeccanica

December 6, 2007 - 5:46am

AgustaWestland is to supply 10 A109 Powers for border patrol duties in Libya, as part of an $87 million (U80 million) program intended to establish a domestic aerospace industry. The first two helicopters are planned for delivery at the end of this year and the beginning of next, with the remainder to follow between three and four years afterwards.

November 6, 2007 - 6:35am

Although Turkey announced its selection of the AgustaWestland A129 for its tactical reconnaissance and attack helicopter program in March, it took until September 7 to finalize a contract whereby the Anglo-Italian rotorcraft maker will participate in Turkey’s ATAK program in partnership with prime contractor Tusas Aerospace Industries (TAI).

November 6, 2007 - 6:24am

A new alliance with the evolving Russian aerospace sector and efforts to break into the Middle East defense market are key to Italian industrial group Finmeccanica’s strategy for boosting its global presence in the industry. Finmeccanica (Stand C310) comes to Dubai fresh from having formed the new Superjet International joint venture between its Alenia Aeronautica subsidiary and Russia’s Sukhoi Civil Aircraft Co.

October 8, 2007 - 10:01am

The UK government is investigating GKN’s $1.79 billion (£1 billion) sale of its 50-percent stake in helicopter company AgustaWestland on grounds of national security. Government trade and industry minister Helen Smith has issued a European Intervention Notice under the 2002 Enterprise Act.

October 2, 2007 - 10:56am

Italy’s Finmeccanica, which owns 50 percent of AgustaWestland, reportedly plans to become sole owner of the Anglo-Italian helicopter company by buying London-based GKN’s 50-percent share. The statement came at GKN’s annual meeting, where stakeholders blamed AgustaWestland for causing interim profits to fall “somewhat below” those achieved a year before.

June 18, 2007 - 10:35am

MBDA, the missile manufacturer owned by BAE Systems, EADS and Finmeccanica, has appointed Antoine Bouvier as its new chief executive. He replaces Marwan Lahoud. Bouvier was most recently chief executive officer of EADS Astrium Satellites, a post he took up in 2002, and before that he held senior positions at ATR culminating in his becoming chief executive in 1998.

June 17, 2007 - 6:14am
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The L-3 Communications Integrated Systems-led C-27J team, including partners Alenia Aeronautica, GMAS (a joint L-3/Alenia company) and Boeing Integrated Defense Systems, comes to Le Bourget on a high, having landed the potentially huge Joint Cargo Aircraft competition last Wednesday. The Pentagon announced on June 13 that the team would build the C-27J Spartan to fulfill a joint U.S.

February 7, 2007 - 8:34am

On October 29, AgustaWestland introduced the A119 Koala at its new home in Philadelphia, which includes 43,000 sq ft of hangars, avionics bays, manufacturing and completion space. The new facility, which hugs the suburban Northeast Philadelphia Airport, was built in a record seven months for $6.8 million, while employees trained in Vergiate, Italy. Total investment, including relocation, will exceed $12 million.

January 31, 2007 - 5:21am

The biggest question remaining about Europe’s homegrown satellite navigation project appears to be not whether the satnav network will ever be built but rather who will run the multibillion-dollar Galileo system after the first of its 30 satellites are launched later this year.

December 15, 2006 - 11:16am

The Dassault group is set to sell its 5.7- percent share in Thales, the defense electronics group. “Is there any interest in staying in? My reply is no,” Dassault Aviation chief executive Charles Edelstenne told journalists on Friday.

 
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