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Finmeccanica Signs Strategic Agreements with China - At the Italy-China Business Forum under way in Beijing, Mauro Moretti, Chief Executive Officer and General Manager of Finmeccanica has signed two agreements of strategic importance for the Group - Finmeccanica.com
Finmeccanica Signs Strategic Agreements with China

 

PRZOOM - /newswire/ - Beijing, China, 2014/06/11 - At the Italy-China Business Forum under way in Beijing, Mauro Moretti, Chief Executive Officer and General Manager of Finmeccanica has signed two agreements of strategic importance for the Group - Finmeccanica.com. FNC IM; SIFI.MI

   
 
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The agreements were signed in the presence of Italian Prime Minister, Matteo Renzi and Chinese Premier, Li Keqiang.

The first agreement is a Memorandum of Understanding between Finmeccanica-AgustaWestland and Beijing Automotive Industrial Corporation (BAIC) to pave the way to industrial cooperation for the marketing, maintenance and training for helicopters to be used exclusively for public purposes. As a result of the agreement Finmeccanica-AgustaWestland may soon be supplying the Chinese market with 50 helicopters over a five-year period.

The second agreement concerns a memorandum between Ansaldo STS, a Finmeccanica company, and United Mechanical and Electrical Co. Ltd., for the execution of four projects (Hangzhou Line 4, Dalian Lines 1&2 extension, Shenyang Line 1, Xi’an Line 2) involving the supply of signalling systems based on CBTC technology. The company has also signed a Memorandum of Understanding under which the same Chinese company commits to negotiating the contracts related to the two projects (Chengdu Line 1 and 2, and Wenzhou S1).

About Finmeccanica

Finmeccanica North America (finmeccanica.com) is headquartered in Washington D.C. and is the United States representative of Finmeccanica S.p.A. From the military to the commercial sectors to land, sea and outer space, our group makes products designed to protect our freedom and empower the nation.

These two important contracts - announced by The Rt. Hon Philip Hammond MP, Secretary of State for Defence, during a visit to AgustaWestland’s factory in Yeovil, England - confirm the leadership of Finmeccanica in competing successfully in the global market and in serving effectively and efficiently our customers, with a unique combination of best products, services and customised modernisation programmes.

 
 
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Agency / Source: Finmeccanica North America

 
 

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Finmeccanica Signs Strategic Agreements with China

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Finmeccanica Finance S.A | Ansaldo STS
Contact: Press Office - Finmeccanica.com 
202-292-2620 ufficiostampa[.]finmeccanica.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Finmeccanica North America securities in any jurisdiction including any other companies listed or named in this release.

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