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Agusta-Westland Wins Swedish Contract

Agusta-Westland Wins Swedish Contract

Source: Finmeccanica: Agusta-Westland Wins Another Contract in Sweden after Denmark, Finland and Norway. Rome, September 20, 2001.

Finmeccanica has won a new important order in Sweden for the NH90 helicopters produced by Agusta-Westland for the NHI consortium (Eurocopter 62.5%, Agusta-Westland 32%, Fokker 5.5%). The order comes only a few days after orders for the same helicopters were announced by the Finnish and Norwegian governments and by the Danish government for EH101 helicopters also produced by Agusta-Westland (50% Finmeccanica and 50% GKN).

NH-90 Helicopter (Finmeccanica Photo)

The NH90 is a twin engined, multi-role helicopter of 9 tons to meet the requirements of European NATO countries in the area of naval operations with the NFH version and tactical transport in the TTH version. Extensive use is made of composite materials in its construction. In order to meet the requirements of the armed forces of Italy, France, Germany and the Netherlands, the NH90 incorporates advanced aerodynamic solutions, modular avionics and fly-by-wire controls.

Finmeccanica has won a new important order in Sweden for the NH90 helicopters produced by Agusta-Westland for the NHI consortium (Eurocopter 62.5%, Agusta-Westland 32%, Fokker 5.5%). The order comes only a few days after orders for the same helicopters were announced by the Finnish and Norwegian governments and by the Danish government for EH101 helicopters also produced by Agusta-Westland (50% Finmeccanica and 50% GKN).

Total orders are estimated to be worth about € 315 million for Finmeccanica.

52 NH90 helicopters will be ordered by the defence ministries of Sweden (18 helicopters) Finland (20) and Norway (14). Together these orders are estimated to be worth about € 1.4 billion, of which 125 million attributable to Finmeccanica. 14 EH101 helicopters will be acquired by the Danish Defence Ministry for € 380 million, of which € 190 million attributable to Finmeccanica.

With the acquisition of these two new orders Agusta-Westland has again demonstrated its ability to compete successfully on international markets.

Until now the NH90 helicopter programme has received orders from Italy, France, Germany, the Netherlands and Portugal for a total of 253 helicopters.

The programme for the EH101, already sold in the UK, Italy, Canada and Japan, started its development in 1994 and entered production two years later. Since 1997 Agusta-Westland has sold 98 of these helicopters, of which 16 to third party countries.

The new orders will boister - probably by the end of this year- the backlog of Agusta-Westland totaling approximately € 7 billion (of which 50% attributable to Finmecccanica ) at 30 June 2001.

Agusta-Westland contributed about 30% of Finmeccanica's first half gross operating profit and net profit in the first half of 2001.

 

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Directeur de la publication : Joël-François Dumont
Comité de rédaction : Jacques de Lestapis, Hugues Dumont, François de Vries (Bruxelles), Hans-Ulrich Helfer (Suisse), Michael Hellerforth (Allemagne).
Comité militaire : VAE Guy Labouérie (†), GAA François Mermet (2S), CF Patrice Théry (Asie).

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