India’s decision to cut ties with Finmeccanica, parent company of AgustaWestland looks like it will suck in other European companies as well.
The Indian MoD is reported to be looking at linkages between Finmeccanica and other European defense companies which may have a bearing on current procurements in India.
A visit by a Hindustan Aeronautics Limited (HAL) team to Dassault’s facilities in France has been put on hold as part of the Indian government’s efforts to identify the “linkages”. A HAL spokesperson told Defenseworld.net that the trip to Dassault facilities was postponed indefinitely and that the team was not given a reason.
HAL and Dassault are in advanced negotiations over India’s purchase of 126 Rafale fighters for $19 billion. It is as yet unclear if holding back the HAL visit has anything to do with the bribery charges against AgustaWestland-Finmeccanica in the purchase of VVIP helicopters.
Finmeccanica has long since partnered with Dassault and EADS on programs such as drone and radar development.
In 2010, Thales and Finmeccanica unveiled an enhanced Airborne Surveillance and Control (ASaC) capability that is low cost, low risk and builds upon the combat proven Sea King Mk7 ASaC Cerberus mission system and Searchwater 2000 radar, to provide enhanced operational effectiveness through the use of the next generation AgustaWestland AW101 helicopter.
In 2011, the two companies set up a joint venture called the Thales Alenia Space (Thales (67%) and Finmeccanica (33%)) and a partner in the Space Alliance along with Telespazio.
Finmeccanica also holds a 25 percent share in MBDA along with the Airbus Group (37.5%), BAE Systems (37.5%).
Missile-maker MBDA also supplies the METERO air-to-air missile meant to meet the requirements of six European nations for future combat scenarios and capable of being integrated onto Europe’s major platforms (Euroﬁghter Typhoon, Gripen and Rafale).
NHIndustries, which is competing in a $1 billion for supplying 16 choppers to the Indian Navy, is partly owned by AgustaWestland which holds a 32 percent stake along with Eurocopter (62.5%) and Fokker (5.5%).
The HAL team was scheduled to meet with Eurocopter and Turbomeca in order to explore the possibility of collaborating on not only existing projects but also future aircraft development, according to reports.
Since cancelling the VVIP helicopter deal, India has barred Finmeccanica and its five subsidiaries from participating in the upcoming DEFEXPO 2014 in New Delhi.
The proposal to procure WASS’ heavy weight torpedoes have been put on hold pending a final decision from India’s top criminal investigative agency the Central Bureau of Investigation.
AgustaWestland came into being thanks to the merger between Finmeccanica and GKN in 2000 with each holding a 50 percent stake in the company. In 2004, Finmeccanica acquired the other 50 percent worth £1.06 billion thus becoming the sole owner of the UK-based helicopter company.
In 2013, Italian police arrested Giuseppe Orsi, Finmeccanica’s former CEO on charges of corruption in connection with the Indian VVIP helicopter deal. While Bruno Spagnolini, head of the AgustaWestland helicopter unit of Finmeccanica, was placed under house arrest.
With the trial still on-going, a conviction could give Indian authorities cause to blacklist the company.
India has barred Finmeccanica and its five subsidiaries from participating at the upcoming defense exhibition DEFEXPO 2014 in New Delhi next week. The fallout from the VVIP helicopter deal will keep out subsidiaries AgustaWestland, Selex, Alenia Armacchi, Oto Malera and WASS, all of which are vying for contracts worth an estimated USD6 billion, from participating in the show
Cisco and Finmeccanica today announced a new global partner agreement that will combine their complementary technology strengths in the defense and civil industries to create innovative products and systems for the global marketplace. Building on a long-standing and successful relationship between the two companies, the expanded, collaborative alliance combines Finmeccanicas industry expertise and solutions with Ciscos IT, networking and communications innovation
Referring to press reports related to the possible cancellation of the contract for the supply of 12 VVIP AW101 helicopters to India, Finmeccanica confirms that its subsidiary company, AgustaWestland, has received no such communication from Indias MOD. Finmeccanica is confident in India's reputation for fair and transparent proceedings and respect for the rule of law, for which India has an established reputation
Finmeccanica will showcase its latest aircraft at the international event at the Dubai Airshow next week with AgustaWestland and Alenia Aermacchi participating, the company said in a statement. "This year Finmeccanica and its companies Alenia Aermacchi, AgustaWestland and Selex ES will participate to this important event
The Indian Central Bureau of Investigation (CBI) not arresting former IAF chief SP Tyagi and his cousins may help the defense argument in the trial against previous Finmeccanica executives Giuseppe Orsi and Bruno Spagnolini in an Italian court. The CBI has been investigating the alleged payment of bribe in the AgustaWestland VVIP helicopter purchase case
Finmeccanica does not run the risk of being blacklisted in India despite ongoing investigations pointing to money laundering and corruption, according to reports. And still remains a candidate in an Indian government bidding contest for helicopters
The Italian Prosecutor has discontinued investigations relating to the 12 AW101 VVIP helicopter contract signed with the Indian ministry of Defense in 2010, Finmeccanica said in a press release on 29 July. “AgustaWestland together with the Prosecutor, have agreed to apply for a negligible fine, whilst confirming the appropriateness of their internal control systems and specifically their non-involvement in the misconduct alleged by the Prosecutor
Indias decision to blacklist AgustaWestland is set to be delayed as the countrys Solicitor General Mohan Parasaran advised against any immediate steps. "The Law officer has asked us to wait before going ahead with the blacklisting of the Anglo-Italian firm
AgustaWestland today announced it completed the AW609 TiltRotor envelop expansion phase with the first two test aircraft in December 2013. Together they have now flown almost 1,000 hours
AgustaWestland has won a €125 million contract from Omni Helicopters International Group (OHI) for four AW139 intermediate twin-engine and five AW189 8.3 ton helicopters in offshore configuration
AgustaWestland appears to have bounced back from the Indian VVIP helicopter scandal quite nicely winning several contracts in South East Asia. The Helicopter-maker this week won three contracts worth a total €130 million from North and Southeast Asian customers for the supply of 13 helicopters for both government and commercial roles, announced during the Singapore Air Show 2014
DEFEXPO 2014 may see fewer contracts this year as India heads towards a general election in the coming months. With a political shift in New Delhi imminent later this year, defense exhibitors say they are unsure of winning any major contracts at the show, Defenseworld
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