Finmeccanica 's AgustaWestland has signed a $505 million contract to supply 50 helicopters of various models to Beijing Automotive Industrial Corporation (BAIC) of China for parapublic missions, the company said in a statement Tuesday.
The contract includes training, spare parts and technical support, excludes customer selected options and mission equipment.
Mauro Moretti, CEO and MD, Finmeccanica, said, “The contract confirms the steady growth of Finmeccanica –AgustaWestland in the Chinese helicopter market, with over 70 helicopters ordered in the last 12 months that add up to the 60 that had been already ordered by Chinese customers for passenger transport, firefighting and disaster relief”.
BAIC is one of largest state owned automotive company in China, and is entering the aviation business through its subsidiary Beijing General Aviation Co. Ltd. (BGAC). BAIC has achieved revenues of USD 43.3 billion last year.