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Finmeccanica

Poland Considers Helicopter Purchase

Poland Considers Helicopter Purchase

Poland’s Defence Minister has reported that they are considering purchasing 14 new helicopters, either from Airbus, Sikorsky or Leonardo-Finmeccanica. The 1 billion zlotys contract is part of Poland’s military overhaul that started after Russia annexed Ukraine’s Crimea peninsula. By 2022, the total cost of military renovation will come to 61 billion zlotys, reports Yahoo Finance…. Read more »

Source: HeliHub.com, 20-Jan-17

AgustaWestland Executives Orsi and Spagnolini Win Re-trial

AgustaWestland Executives Orsi and Spagnolini Win Re-trial

Former Finmeccanica CEO, Giuseppe Orsi (pictured) and former AgustaWestland Chief, Bruno Spagnolini were arrested earlier this year on charges of corruption and falsifying invoices and were sentenced in April by a Milan appeals court. A retrial has been ordered by Italy’s top court as the two executives launched an appeal. The retrial causes serious implications… Read more »

Source: HeliHub.com, 02-Jan-17

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Successful Test Flight of Leonardo-Finmeccanica Unmanned Aircraft

Successful Test Flight of Leonardo-Finmeccanica Unmanned Aircraft

Leonardo-Finmeccanica had their first successful test flight this week of their new remotely piloted SW-4 helicopter, dubbed the Solo. The successful test flight means they can now launch their test campaign. CEO and General Manager, Mauro Moretti, has said that the Solo is testament to the company’s innovation and commitment to the field of unmanned… Read more »

Source: HeliHub.com, 02-Jan-17

German Navy Plans for Sea Lynx Replacement

German Navy Plans for Sea Lynx Replacement

The German Navy has started to plan the retirement of their fleet of 21 Westland Sea Lynx helicopters. Before they can create a bidding process, they still have to formulate what requirements they are looking for in the replacements. The parties interested seem to be Sikorsky, AgustaWestland, Airbus and Leonardo-Finmeccanica. The decision will be delayed… Read more »

Source: HeliHub.com, 21-Dec-16

AgustaWestland to see THREE name changes in 12 months

AgustaWestland to see THREE name changes in 12 months

The change in a company name, or even a logo, is never something to be done lightly, as the loss of marketing mileage can be enormous.  The internet search engine aspect is more important these days too.  The loss of all the SEO capital built up in a company name and website address is not… Read more »

Source: HeliHub.com, 05-May-16

Third AW609 prototype starts ground runs

Third AW609 prototype starts ground runs

Leonardo-Finmeccanica announced today that the third prototype (A/C3) of the AgustaWestland AW609 TiltRotor has completed its first ground run at the company’s facilities in Cascina Costa, Italy, marking a critical milestone as the programme advances its testing and plans a resumption of flight testing activities. Aircraft AW609 A/C3 began restrained ground run testing with all… Read more »

Source: Leonardo-Finmeccanica, 05-May-16

Finmeccanica picks FreeFlight RA4500 radalt as AW119 standard

Finmeccanica picks FreeFlight RA4500 radalt as AW119 standard

NextGen avionics leader FreeFlight Systems announced that global aerospace, defense and transportation company Finmeccanica has selected the FreeFlight RA4500 radar altimeter as standard equipment for AW119 singleturbine light helicopters. The RA4500 offers Finmeccanica’s customers a highlydependable, proven radar altimeter system that seamlessly integrates with the AW119’s existing avionics. This equipment will ensure compliance with the… Read more »

Source: FreeFlight, 29-Apr-16

Finmeccanica proposes rename as Leonardo

Finmeccanica have reported on their financial year to 31 December 2015, and as part of the announcement will put a proposal to the shareholders to change the company name to Leonardo.  From the helicopter industry point of view, this comes less than three months after AgustaWestland officially became “Finmeccanica, Helicopters Division”.  The press release follows:-… Read more »

21-Mar-16

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Finmeccanica re-brands SW-4 as AW009, and signs LOI with police operator

Finmeccanica re-brands SW-4 as AW009, and signs LOI with police operator

On the first day of Heli-Expo 2016, the Helicopter Division of Finmeccanica presented an evolution of the light single-engine SW-4 commercial helicopter, now designated the AW009. The new model provides improved levels of comfort, reduced maintenance and operating costs as well as an all new integrated avionics suite, and in the future, the option of… Read more »

Source: Finmeccanica, 02-Mar-16

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AgustaWestland name disappears

AgustaWestland name disappears

AgustaWestland parent company Finmeccanica have surprised most industry observers by getting rid of the AgustaWestland name – with group chief Mauro Moretti announcing that all companies will be renamed with the Finmeccanica name. The formal launch of the corporate and legal activities in preparation for implementation of the group’s new organizational and operational model dates… Read more »

Source: HeliHub.com, 04-Jan-16

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Finmeccanica denies Boeing approached them to buy UK arm of AgustaWestland

Finmeccanica denies Boeing approached them to buy UK arm of AgustaWestland

Italy’s Finmeccanica (SIFI.MI) has not received any offer for the British arm of its helicopter business AgustaWestland and does not plan to sell it anyway, the aerospace and defense group’s chief executive, Mauro Moretti, said on Friday. See Full Story

Source: Reuters, 14-Dec-15

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Finmeccanica wins Landing Helicopter Dock contract with Fincantieri

Finmeccanica wins Landing Helicopter Dock contract with Fincantieri

Fincantieri, one of the world’s largest shipbuilding groups and reference player in the naval shipbuilding industry, and Finmeccanica, Italy’s leading manufacturer in the high technology sector, have been awarded the contract for the construction and equipment of one multipurpose amphibious unit (LHD) for the Italian Navy. The total value of the contract is over €1.1… Read more »

Source: finmeccanica, 06-Jul-15

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Finmeccanica CEO says not interested in Sikorsky

Finmeccanica CEO says not interested in Sikorsky

The chief executive of Italian defence technology group Finmeccanica on Monday ruled out a move for helicopter maker Sikorsky, which its parent United Technologies is considering spinning off. See Full Story

Source: Reuters, 12-May-15

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AgustaWestland uses @RISK software to inform major company decisions

AgustaWestland uses @RISK software to inform major company decisions

AgustaWestland, the Anglo-Italian helicopter company owned by Italy’s Finmeccanica, uses risk analysis software from Palisade to develop financial business cases and feasibility studies to produce in-depth analysis on the costs, risks and financial sustainability of potential new products.  This informs the company’s decisions on which products it will develop and manufacture. New helicopters require large… Read more »

Source: AgustaWestland, 08-May-15

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Waypoint Leasing Surpasses 100 Aircraft Acquired and on Lease

Waypoint Leasing Surpasses 100 Aircraft Acquired and on Lease

Waypoint Leasing (“Waypoint”), the largest independent global helicopter leasing company, today announced that it has acquired and placed on lease over 100 aircraft, less than 24 months since launch. Additionally, Waypoint raised a further $185 million in the first quarter of 2015 through the execution of three debt facilities, including the company’s first unsecured facility…. Read more »

Source: Waypoint Leasing, 21-Apr-15

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AW169 Flight Training Device Ready for Training

AW169 Flight Training Device Ready for Training

AgustaWestland announced today the availability of a new AW169 Flight Training Device (FTD) at its A. Marchetti Training Academy in Sesto Calende, Italy. The device has been certified by a jointEuropean Aviation Safety Agency (EASA ) and Italian Civil Aviation Authority (ENAC) team to FTD Level 2 as per CS-FSTD(H), the certification specification for Helicopter… Read more »

Source: AgustaWestland, 01-Apr-15

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UK military extends AW101 suppert contact with AgustaWestland by five years

UK military extends AW101 suppert contact with AgustaWestland by five years

AgustaWestland is pleased to announce that it has signed a contract with the UK Ministry of Defence (MoD) covering the third five year period of the 25-year Integrated Merlin Operational Support (IMOS) contract. The contract provides a comprehensive availability based support package for the UK MoD’s fleet of AW101 Merlin helicopters for the period 1st… Read more »

Source: AgustaWestland, 27-Mar-15

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Basarnas Indonesia ​signs for an SAR AW139

Basarnas Indonesia ​signs for an SAR AW139

AgustaWestland announced today it has signed a contract with Badan SAR Nasional (Basarnas), the national search and rescue agency of the Republic of Indonesia, for an AW139 intermediate twin engine helicopter equipped for SAR operations. The contract also includes training for aircrew and technicians as well as an initial support package. The aircraft will be… Read more »

Source: AgustaWestland, 18-Mar-15

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AgustaWestland Delivers Two More Corporate AW139s To Malaysian Clients

AgustaWestland Delivers Two More Corporate AW139s To Malaysian Clients

AgustaWestland announced today it has recently delivered two new AW139 intermediate twin engine helicopters to Malaysian clients recently to perform corporate and VIP transportation. These latest deliveries mark the continued success of the AW139 in the Malaysian and corporate transport markets where the new generation helicopter has become the outright market leader. Nearly 30 AW139s… Read more »

Source: AgustaWestland, 18-Mar-15

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Japan takes delivery of First Airborne Mine Counter Measures MCH-101

Japan takes delivery of  First Airborne Mine Counter Measures MCH-101

AgustaWestland and Kawasaki Heavy Industries (KHI) are pleased to announce the delivery of the first Airborne Mine Counter Measures (AMCM) equipped MCH-101 helicopter to the Japan Maritime Self Defense Force. The KHI MCH-101, a licence built version of the AgustaWestland AW101 helicopter, is equipped with the Northrop Grumman AN/AQS-24A airborne mine hunting system and the… Read more »

Source: AgustaWestland, 12-Mar-15

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AgustaWestland Aviation Services LLC to Expand Support Capabilities in the Middle East

AgustaWestland Aviation Services LLC to Expand Support Capabilities in the Middle East

AgustaWestland Aviation Services LLC (AWAS), an Abu Dhabi Aviation (ADA) and Finmeccanica-AgustaWestland joint venture, announced today it is expanding its range of support solutions serving the growing fleet of AgustaWestland helicopters in the Middle East. A three stage capability expansion plan will further grow AWAS’ range of support services in line with the continued expansion… Read more »

Source: AgustaWestland, 24-Feb-15

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AW189 production line to be set up in Russia

AW189 production line to be set up in Russia

State Corporation Rostec, Italy’s Finmeccanica and the oil company Rosneft have signed a tripartite agreement on strategic partnership. Under the agreement, the HeliVert plant near Moscow, a joint enterprise between Russian Helicopters and AgustaWestland (subsidiaries of Rostec and Finmeccanica respectively) will launch production of medium AW189 helicopters, HeliVert currently produces medium commercial AW 139 helicopters… Read more »

Source: Russian Helicopters, 06-Jan-15

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Former Finmeccanica CEO To Sue Whistleblower In Indian VVIP Helicopter Scandal Following Acquittal

Former Finmeccanica CEO To Sue Whistleblower In Indian VVIP Helicopter Scandal Following Acquittal

Former Finmeccanica CEO Giuseppe Orsi plans to sue the company’s former external relations manager, Lorenzo Borgogni, for alleging he paid bribes to Indian offices to secure the VVP helicopter deal. See Full Story

Source: Defense World, 25-Nov-14

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2 former Finmeccanica executives cleared of corruption in India helicopter deal

2 former Finmeccanica executives cleared of corruption in India helicopter deal

The CEO of Italian defense contractor Finmeccanica says he will reopen talks with India over a suspended helicopter contract after a court acquitted two former executives of corruption in the multi-million euro deal. See Full Story

Source: Fox News, 10-Oct-14

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PZL-Świdnik joining AgustaWestland European Works Council

PZL-Świdnik joining AgustaWestland European Works Council

PZL-Świdnik, an AgustaWestland company, is pleased to announce that it has joined the AgustaWestland European Works Council, i.e. an advisory body to AgustaWestland’s Management, which includes the Company’s subsidiaries from the UK, Italy and now also Poland, as well as their employees. The inclusion of PZL-Świdnik into the AgustaWestland European Works Council is of special… Read more »

Source: AgustaWestland, 04-Aug-14

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Italian Prosecutor halts investigations into Finmeccanica over Indian AW101 contract

Italian Prosecutor halts investigations into Finmeccanica over Indian AW101 contract

Finmeccanica announces that the Italian Prosecutor has discontinued investigations relating to the contract for 12 AW101 VVIP helicopters signed with the Indian Ministry of Defence in 2010. The Prosecutor specifically acknowledged the non-involvement of Finmeccanica in the alleged wrongdoing, recognizing that that since 2003, Finmeccanica has implemented – and regularly updated – an organizational, management… Read more »

Source: Finmeccanica, 30-Jul-14

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AgustaWestland chooses Microsoft technology for a cutting-edge training

AgustaWestland chooses Microsoft technology for a cutting-edge training

The use of the Lenovo ThinkPad tablet with Windows 8.1 and dedicated apps encourages greater interaction during training courses and allows Finmeccanica – AgustaWestland to achieve significant savings. AgustaWestland – a world leader in helicopter design and construction – chose to use Microsoft technology on Lenovo hardware for its Training Academy courses, which represent a… Read more »

Source: AgustaWestland, 28-Jul-14

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Kongsberg and AgustaWestland increased co-operation

Kongsberg and AgustaWestland increased co-operation

AgustaWestland today signed a protocol for extending and increasing co-operation relating to Maintenance, Repair and Overhaul (MRO) of dynamic components (including various gear boxes) for the NH90 helicopter and a range of AgustaWestland helicopters. The protocol is an overarching agreement outlining the intentions of making KONGSBERG a Centre of Excellence for MRO of dynamic components… Read more »

Source: AgustaWestland, 17-Jul-14

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Finmeccanica board approves new Group Organizational and Operating Model

Finmeccanica board approves new Group Organizational and Operating Model

The Board of Directors of Finmeccanica, convened today under the chairmanship of Gianni De Gennaro, approved the guidelines to implement the new Group Organizational and Operating Model. The Model, illustrated to the Board of Directors by the Chief Executive Officer and General Manager Mauro Moretti, encompasses in the new perimeter operating companies, 100% owned by… Read more »

Source: Finmeccanica, 23-Jun-14

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Court of Milan allows India to call on €228 Million of guarantees over AW101 contract

Court of Milan allows India to call on €228 Million of guarantees over AW101 contract

AgustaWestland informs that today, the Court of Milan partially upheld the complaint lodged by the Indian Ministry of Defence, and thereby revoked the order issued by the judge on last March 17 on the seeking of emergency interim lodged by AgustaWestland to resist the calling of certain first demand bank guarantees provided with reference to… Read more »

Source: Finmeccanica, 29-May-14

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Finmeccanica reviews AgustaWestland in 2013 financial statements

Finmeccanica reviews AgustaWestland in 2013 financial statements

Finmeccanica have released their full 2013 financial statements.  We expect that the majority of our readers are only interested in the AgustaWestland part of this document, so we reproduce that section here:- In 2013, AgustaWestland’s overall performance was positive, both in terms of business and financial performance and, especially, commercial performance, despite contractual complications surrounding… Read more »

Source: Finmeccanica, 26-Mar-14

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Less autonomy for AgustaWestland as Finmeccanica pushes consolidation plans

Less autonomy for AgustaWestland as Finmeccanica pushes consolidation plans

The Board of Directors of Finmeccanica, convened today under the chairmanship of Gianni De Gennaro, examined and approved the project for a New Group Organizational and Operating Model applying to the Aerospace, Defence and Security  sectors (“A,D&S”). The New Organizational Model is in line with similar initiatives promoted by our main competitors aimed at effectively tackling the challenges… Read more »

Source: Finmeccanica, 10-Mar-14

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India blocks Finmeccanica companies from Defence Expo

India blocks Finmeccanica companies from Defence Expo

Officials on Friday said the Italian conglomerate Finmeccanica had booked exhibition space at the show for its several companies to hawk their military hardware and software but its participation at Def Expo 2014 (due to open 6th February) had now been cancelled.  See full story

Source: Times of India, 26-Jan-14

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AgustaWestland parent Finmeccanica opens new Abu Dhabi office

AgustaWestland parent Finmeccanica opens new Abu Dhabi office

Six years after the opening of its representative office in the United Arab Emirates, Finmeccanica has inaugurated its new Abu Dhabi headquarters. The ceremony was held Saturday, November 16, in the presence of H.E. Giorgio Starace, Italian Ambassador to UAE, Victor Hurtado, Deputy Head of Mission of the Embassy of USA to UAE, Khalfan Al… Read more »

Source: Finmeccanica, 22-Nov-13

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India’s AW101s – AgustaWestland has 7 days to respond

India’s AW101s – AgustaWestland has 7 days to respond

The Indian military have commenced legal proceedings which they hope will lead to the cancellation of their order for twelve VVIP AW101 helicopters.  Through the formality of issuing a “show cause notice”, AgustaWestland now have to respond to the court within seven days on specific points to determine whether the contract remains valid or not. … Read more »

Source: HeliHub.com, 18-Feb-13

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India’s AW101s – Focus on the middlemen

India’s AW101s – Focus on the middlemen

“Haschke [the middleman] sold AgustaWestland a story based on my relationship with (cousin) SP Tyagi. We have strained ties. He (Haschke) used my name to siphon off money. The CBI probe will bring out the truth. I welcome the CBI probe,” said the former Indian Air Force chief. (see full story) A new angle has… Read more »

18-Feb-13

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AgustaWestland parent swiftly replaces arrested Orsi

AgustaWestland parent swiftly replaces arrested Orsi

Only 24 hours after Finmeccanica confirmed (see AgustaWestland – Orsi and Spagnolini arrested) that both the present and immediately past CEO of AgustaWestland had been arrested on alleged fraud charges, the parent company issued the following statement “The Board of Directors of Finmeccanica, which met today, confirms that the Company is fully operational, and has… Read more »

Source: HeliHub.com, 14-Feb-13

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AgustaWestland – Orsi and Spagnolini arrested

AgustaWestland – Orsi and Spagnolini arrested

Finmeccanica have issued a short statement confirming that Italian Police have arrested former AgustaWestland CEO Guiseppi Orsi, and his successor (and current CEO) Bruno Spagnolini.  Orsi is now Chairman and CEO of parent company Finmeccanica. “With reference to the precautionary measures issued today towards the Chairman and CEO of Finmeccanica and the CEO of the… Read more »

Source: HeliHub.com, 12-Feb-13

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S&P lowers debt rating of AW parent Finmeccanica

S&P lowers debt rating of AW parent Finmeccanica

Ratings agency Standard and Poor’s has down-graded Finmeccanica debt with a statement that says they no longer believe that the company’s metrics will improve in 2013, “even if come disposals are forthcoming”.  They give an outlook of “stable”, believing the company can slightly improve operating profits in 2013.  (see full text)

Source: Reuters, 21-Jan-13

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Ex-Finmeccanica manager arrested in Panama contract probe

Ex-Finmeccanica manager arrested in Panama contract probe

Paolo Pozzessere was arrested on suspicion of international corruption in relation to deliveries made by three Finmeccanica subsidiaries, AgustaWestland, Selex and Telespazio, to the Panama government (see full story)

Source: Gazetta del Sud, 24-Oct-12

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Finmeccanica boss has no intention to step down, says lawyer

Finmeccanica boss has no intention to step down, says lawyer

Finmeccanica Chairman and CEO Giuseppe Orsi has no intention of resigning, his lawyer said on Monday after media reports at the weekend over allegations concerning the Indian AgustaWestland VIP AW101 contract (see full story)

18-Oct-12

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Selex Galileo wins contracts for British Chinooks and US Army Apaches

Selex Galileo wins contracts for British Chinooks and US Army Apaches

Finmeccanica has been awarded new orders for a value worth EUR 220 million through its companies Ansaldo Energia, SELEX Galileo, SELEX Elsag and Telespazio. Ansaldo Energia, through its subsidiary Ansaldo Nucleare, has signed a service contract worth EUR 104 million with Nucleoeléctrica Argentina – Sociedad Anonima (NASA). The aim of the contract is to upgrade… Read more »

Source: Finmeccanica, 04-Jun-12

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Ex-AW boss Orsi under investigation for corruption and money laundering

Ex-AW boss Orsi under investigation for corruption and money laundering

The Italian press is saying that Guiseppe Orsi, past CEO of AgustaWestland and now head of parent company Finmeccanica, is under investigation for corruption and money laundering.  Read full story, translated from Italian  [bear in mind that Orsi translates as “Bear” as you read the article]

Source: Corriere della Sera, 24-Apr-12

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Finmeccanica denies all AgustaWestland financial side-deals

Finmeccanica denies all AgustaWestland financial side-deals

With reference to the articles published in the last few days by some newspapers – and with particular reference to the circumstances that have associated the names of Finmeccanica and AgustaWestland with those of Valter Lavitola, the Hon. Marco Reguzzoni and events in India – the Finmeccanica Group, while fully respecting the work of the… Read more »

Source: Finmeccanica, 24-Apr-12

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AgustaWestland North America Chairman/CEO gets new role

AgustaWestland North America Chairman/CEO gets new role

OTO Melara North America, a subsidiary of OTO Melara S.p.A, a Finmeccanica company, is pleased to announce that it has appointed R. Scott Rettig as its Chairman and Chief Executive Officer. Along with his new role at OTO Melara North America Inc., Rettig will continue to serve as Chairman and Chief Executive Officer of another Finmeccanica company… Read more »

Source: OTO Melara, 11-Feb-12

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DRS Technologies appoints Chairman/CEO

DRS Technologies appoints Chairman/CEO

Finmeccanica is pleased to announce that the Board of Directors of its US subsidiary DRS Technologies, Inc. has appointed William J. Lynn III as its Chairman and Chief Executive Officer. The appointment is effective immediately. Lynn replaces current Chairman and Chief Executive Officer Mark S. Newman who is retiring. This new appointment is a key… Read more »

Source: Finmeccanica, 01-Feb-12

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Finmeccanica takes part in IDEF 2011

Finmeccanica takes part in IDEF 2011

Finmeccanica – through its companies AgustaWestland, Alenia Aeronautica, Alenia Aermacchi, DRS Technologies,Oto Melara, SELEX Communications, SELEX Galileo, SELEX Sistemi Integrati, Telespazio (Finmeccanica/Thales) and Wass – will take part in IDEF (International Defense Industry Fair) 2011, to be held in Istanbul,Turkey, from 10 to 13 of May. For Finmeccanica, Turkey is first and foremost an industrial… Read more »

Source: Finmeccanica, 12-May-11

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AgustaWestland’s Orsi tipped to be CEO of parent Finmeccanica

AgustaWestland’s Orsi tipped to be CEO of parent Finmeccanica

Italian government wants Augusta Westland chief Giuseppe Orsi to be CEO of Finmeccanica to replace Guarguaglini and proposed Orsi as a board member of Finmeccanica to begin the process of appointing Orsi, according to a statement today.

Source: Bloomberg, 05-Apr-11

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Libya in the market buying Finmeccanica shares

Source: Reuters, 06-Jul-09

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Finmeccanica clarification on the VH-71 programme

Source: Finmeccanica, 11-Apr-09

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