The Indian Defence Ministry’s decision to ban 27 domestic and international firms from attending Defexpo 2014 has caused show organizers with the losses over $480,000.
Due to the cancellation of bookings of Finmeccanica and its subsidiaries AgustaWestland, Selex, Oto Malera, Aleania Aermachhi and WASS in view of a pending CBI probe against them, has resulted in the loss, according to the Economic Times.
The organizers this year were expecting more than 624 participating companies including 256 Indian firms. The Italian defence group had booked space for itself and its group companies online but the Defence Ministry immediately imposed ban over their participation and is in the process of returning the money.
"Any firm which is facing any investigation or has been blacklisted, that company and its group firms will not be allowed to display their equipment at the Defexpo. AgustaWestland and Finmecannica had booked online for the show and their bookings were cancelled after we detected them," Secretary (Defence Production) G C Pati was quoted as saying. "The Defence Ministry holds the right to cancel the booking of any such firms," he had said on the Defexpo starting tomorrow.
Finmeccanica successfully launched for the very first time a new Black Shark Advanced (BSA) torpedo, produced by its subsidiary, WASS, from the submarine SCIRE. The torpedo launched in “Push Out” mode - water ram expulsion system, which ejects the torpedo by means high water-pressure, was equipped in a totally innovative way, thanks to the new Lithium-Polymer Battery
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
Gianni De Gennaro, chairman and other board of directors of Finmeccanica approved guidelines to implement new Group Organizational and Operating model. The new model includes new perimeter operating companies, 100% owned by Finmeccanica, of the Aerospace and Defense core business
Finmeccanica-AgustaWestland and Beijing Automotive Industrial Corporation (BAIC) have signed a Memorandum of Understanding (MoU) to pave the way to industrial cooperation for the marketing, maintenance and training for helicopters to be used exclusively for public purposes. The contract was signed at the Italy-China Business Forum held in Beijing, in the presence of Italian Prime Minister, Matteo Renzi and Chinese Premier, Li Keqiang
Saab and Kalyani Group are teaming up for Indian Army air defence projects, including the VSHORAD and SRSAM requirements. The teaming combines Saabs many decades as a leading developer and supplier of proven high-technology radar and missile systems, with the rich engineering and manufacturing capabilities of Kalyani
Axis Aerospace & Technologies Ltd (AAT) unveiled today their Air Recognition Training Simulator (ARTS) at the Defexpo 2014. ARTS is a 3D training tool which trains Air Defence operators to use WEFT Methodology to identify the major features of an aircraft - the Wings, Engines (s),Fuselage, and Tail features of fighters, helicopters, UAVs and transporters
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