Finmeccanica has won a $173.6 million contract to sell ten AW189 commercial helicopters to RN-Aircraft.
The delivery of the aircraft to RN-Aircraft, a subsidiary of the oil company Rosneft, is expected between 2015 and 2017, Finmeccanica announced today.
Moreover, as already set out in the framework agreement signed in December 2014 and with the involvement of Russian Helicopters, a subsidiary of Rostec corporation, Rosneft plans to order further helicopters by 2025, for a total of up to 160 units.
The parties also reached an agreement for the progressive restructuring of HeliVert, a 50-50 Finmeccanica-AgustaWestland and Russian Helicopters joint venture, which foresees the future participation of Rosneft, worth 30% of the shares.
Subsequently, shares in HeliVert will be redistributed as follows: 40% to Finmeccanica-AgustaWestland, 30% to Russian Helicopters, 30% to Rosneft.
Finmeccanica has renegotiated the five-year revolving credit Facility that envisages the payment of a spread of 100bp above Euribor, 80bp less than the previous conditions. The size was also reduced to 2 billion euro, compared to the former 2
Fincantieri and Finmeccanica have won a US$1.2 billion contract for the construction and equipment of one multipurpose amphibious unit for the Italian Navy
Finmeccanica has denied Alenia Aermacchis C-27J participation in the Saudi Arabian tactical transport aircraft bid. Finmeccanica in response to a news report by French Sole 24 Ore today said, “Alenia Aermacchi has never participated in the international bid called by the Interior Ministry of Saudi Arabia with its C-27J tactical transport aircraft
Fincantieri, Finmeccanica announced today that they have won a 3.5 billion Euros (US$ 4 billion) contract for the construction of seven ships in the plan to renew Italian Navy fleet
Finmeccanica announced Monday that it along with Thales has jointly launched the military telecommunications satellite, SICRAL 2 on April 26 from French Guiana. The satellite was launched with an Arianespace launch vehicle by Thales Alenia Space and Telespazio, the Space Alliance created by Finmeccanica and Thales
Finmeccanica has ‘improved its position in the international ranking of defense companies engaged in the fight against corruption, according to Transparency International (TI). The Indian Central Bureau of Investigation CBI) is continuing with its investigation into the payment of bribes to secure a contract to sell AgustaWestland helicopters to the Indian Air Force
Finmeccanica-Alenia Aermacchi has won an order to supply two C-27J tactical airlifters to an undisclosed African nation. The two aircraft will be delivered starting from 2017 and will be used for the transport of troops and materials and for homeland security and civil protection operating also on semi-prepared strips, the company said in a statement
The Finmeccanica-AgustaWestland AW609 TiltRotor has set a speed record on a 1000 km ‘point-to-point journey. The aircraft, with its combination of the turboprop airplanes speed and helicopters take-off and landing capabilities, flew from its Yeovil facility in southwest England to its Cascina Costa facility near Milan, Italy, a distance of 1161 km, in just 2 hours 18 minutes
Finmeccanica-Selex ES has won a contract from Qatar to supply “Low level radar” system to safeguard the airspace of the nations Armed Forces. The system is a composition of a network of KRONOS radars and associated command and control centres, the company announced today
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