As a district court in Weilheim, Germany, opened insolvency proceedings against Fairchild Dornier on July 1, the fate of the Bavarian regional jet builder hung on the fading hope that a large established aerospace company might come to its rescue.
Boeing announced today it has agreed to acquire Vought Aircraft Industries’ interest in Global Aeronautica, the South Carolina fuselage subassembly facility for the 787 Dreamliner. Upon completion of the transaction, Global Aeronautica will become a 50-50 joint venture between Boeing and Alenia North America, a subsidiary of Italy’s Alenia Aeronautica–a Finmeccanica company.
Few have doubted Russia’s aerospace engineering capabilities but many observers have questioned weather the country could deliver the marketing and customer support needed to successfully export civil airliners.
The newly formed Superjet International joint venture–based in Venice, Italy–carries the responsibility for alleviating any lingering doubts.
Asia is a prime potential market for Selex Systemi Integrati’s turnkey capability in air defense systems, air traffic management and airport communications systems. The Italian group, which set up shop in Singapore in 1972, most recently supplied mobile air traffic control systems to the Singapore Air Force and has established a terminal maneuvering area system for the Civil Aviation Authority of Singapore (CAAS) at Changi Airport.
According to Alenia Aeronautica, it is meeting its commitments as a supplier for the Boeing 787 and has not contributed to the delays the program is suffering. The Italian company delivers complete composite fuselage sections to Global Aeronautica, its joint venture with Vought in Charleston, South Carolina, which subsequently adds components to the structures before shipping them to Boeing’s final assembly line in Everett, Washington.
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.
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).
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.
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.
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.