12:00 AM, March 11, 2010
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AgustaWestland today announced that a contract has been signed by the Government of India for the acquisition of twelve AW101 helicopters that will perform government transport duties. The contract, valued at around € 560 million($764 million), includes an extensive five year logistic support service and initial aircrew and technician training. Giuseppe Orsi, CEO, AgustaWestland said “This significant order by the Indian Air Force to meet its government transport helicopter requirement confirms the correct vision and strategy of AgustaWestland in India. Several years ago we identified India as one of the pillars of our expansion strategy, from both the market and the industrial points of view. Today we have a significant and growing presence in both the military and commercial markets. Additionally we now have strong industrial relations with Tata Son, with whom we have established a Joint Venture initially for the production of the AW119 Koala but soon this will become a wider platform for our growth in the region”. Last month AgustaWestland and Tata Sons signed a Shareholders’ Agreement for the formation of an Indian joint venture company which will establish in India a final assembly line for the AW119 helicopter. The AW119 is also the AgustaWestland contender for the Indian Ministry of Defence’s Reconnaissance and Surveillance Helicopter (RSH) programme. An AW119 demonstrator is currently conducting a series of demonstrations to the Indian Armed Force’s as part of the evaluation process for the Indian Ministry of Defence’s RSH programme. The AW119 has already demonstrated its outstanding capabilities operating at altitudes in excess of 6,000 m in the Himalayas and will carry out further demonstrations in hot environmental conditions in the coming months.
Additional Army, Navy, Air Force and Coast Guard helicopter requirements for light observation, anti-surface and anti-submarine warfare, combat, border and coastal patrol duties allows AgustaWestland to foresee a potential market worth approximately €5-6 billion for over 600 military helicopters in India in the next ten years.
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