The Pentagon announced Thursday that Italy would provide initial maintenance of F-35 fighter jets and it engines in Europe from 2018.
“Itlay will initially do the heavy maintenance of the jets and Britain will provide a backup if necessary. Most of the work will be done by Alenia, a unit of Finmeccanica which manages a $1 billion-plus government-owned final assembly and checkout facility in Cameri that is also building wings for F-35 jets,” Air Force Lieutenant General Chris Bogdan, the Pentagon's F-35 program manager said during the announcement.
The decisions came after months of reviews and site visits, and were based on "best value" and other factors such as location and projected F-35 basing.
"The activities which will be carried out at the Cameri facility will have significant technological content and will generate sizable economic and occupational returns,” Mauro Moretti, Finmeccanica’s CEO and General Manager said in a statement.
I hope that Finmeccanica will also be involved in other high-quality components of the aircraft, such as the avionics and electronics, which would generate further important benefits in terms of new jobs, research and innovation,” Moretti said.
“This is the result of an effective strategy at national level. It stands out as a key factor in the path to re-launching the group with a focus on enhancing its core business areas of excellence,” he added.
Former Finmeccanica CEO Giuseppe Orsi plans to sue the companys former external relations manager, Lorenzo Borgogni, for alleging he paid bribes to Indian offices to secure the VVP helicopter deal. Orsi and former CEO of AgustaWestland Bruno Spagnolini received a suspended two years sentence after they were found guilty of false invoicing in the Indian deal but were acquitted of all alleged bribery charges
Finmeccanica is expected to cash in $502 million of the $1.3 billion contract to develop electronically scanned Captor-E radar for the Typhoon signed by Eurofighter consortium and the inter-governmental agency NETMA (NATO Eurofighter and Tornado Management Agency) on Wednesday
The Board of Directors of Finmeccanica, convened today under the chairmanship of Gianni De Gennaro, examined and unanimously approved the Interim Financial Report at 30 September 2014 and the results for the third quarter of 2014. With regard to commercial performance, considerably more orders were acquired than the first nine months of 2013, both in Aerospace and Defence and Transportation, Finmeccanica said in a statement
Finmeccanica - Selex ES has completed the acquisition of Tactical Technologies Inc. (TTI) operating out of Ottawa, Canada
Piaggio Aerospace, Italian aircraft manufacturer, is progressing to achieve the certification of its HammerHead unmanned aerial vehicle (UAV). The company is shifting its focus into the defence aviation market, company CEO Carlo Logli told IHS Jane's on 16 June
OCCAR announced Tuesday that Italy has placed its order for two further Italian FREMM (Fregata europea multi-missione) frigates, exercising an option under the OCCAR (French Organisation conjointe de coopération en matière d'armement) FREMM contract on 16 April. Both frigates will be in the general purpose configuration and will bring to ten the total number of vessels ordered by Italy under this highly successful contract
Orizzonte Sistemi Navali S.p
Piaggio Aerospace will deliver three P.1HH HammerHead Unmanned Aerial System (UAS), 6 air vehicles and 3 ground control stations to Italian Air Force, the company said in a statement
Europe has planned to launch a car-sized experimental wingless space plane on a 100-minute unmanned mission, AFP reported Feb 5 2014. The European Space Agency's two-tonne, 5m-long Intermediate eXperimental Vehicle (IXV) is scheduled to be blasted into space on a Vega rocket from a space pad
The US Department of Defense announced today that it has assigned F-35 Regional Maintenance, Repair, Overhaul and Upgrade (MRO&U) capability for airframes and engines for the European Region. The assignments were based on data compiled and analyzed by the F-35 Joint Program Office that was collected from European Partners and their industries
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