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Leonardo-Finmeccanica and The Algerian Ministry of National Defence to Establish A Joint Company to Manufacture Helicopters - Leonardo-Finmeccanica announced that an industrial and trade partnership agreement was signed with the Algerian Ministry of National Defence on August 11th - LeonardoCompany.com
Leonardo-Finmeccanica and The Algerian Ministry of National Defence to Establish A Joint Company to Manufacture Helicopters

 

PRZOOM - /newswire/ - Rome, Italy, 2016/09/09 - Leonardo-Finmeccanica announced that an industrial and trade partnership agreement was signed with the Algerian Ministry of National Defence on August 11th - LeonardoCompany.com. FNC IM; SIFI.MI

   
 
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• The agreement foresees the production of three AgustaWestland light and medium helicopter types in Aïn Arnat, Algeria, for various uses including transport, medical evacuation, surveillance and control;
• The joint company will also provide after-sales services including repair and overhaul, training and the development of high technology capabilities in fields of aeronautical material production.

The agreement foresees the establishment of a joint company to produce light and medium weight category helicopters at an industrial site in Aïn Arnat. After the completion of the facility and during the early years of activity, the joint company aims to manufacture three different AgustaWestland helicopter types for various uses including transport, medical evacuation, surveillance and control.

The joint company will also benefit from a local and international distribution network and after-sales services including a range of repair and overhaul capabilities and training solutions for the Algerian Ministry of National Defence and other customers. The industrial programme will also support the development of high technology capabilities in the field of aeronautical material production.

About Leonardo-Finmeccanica

Leonardo-Finmeccanica (leonardocompany.com) is among the top ten global players in Aerospace, Defence and Security and Italy’s main industrial company. As a single entity from January 2016, organised into business divisions (Helicopters; Aircraft; Aero-structures; Airborne & Space Systems; Land & Naval Defence Electronics; Defence Systems; Security & Information Systems), Leonardo-Finmeccanica operates in the most competitive international markets by leveraging its areas of technology and product leadership. Listed on the Milan Stock Exchange (LDO), at 31 December 2015 Finmeccanica recorded consolidated revenues of 13 billion Euros and has a significant industrial presence in Italy, the UK and the U.S.

 
 
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Agency / Source: Leonardo S.p.a.

 
 

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Leonardo-Finmeccanica and The Algerian Ministry of National Defence to Establish A Joint Company to Manufacture Helicopters

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Leonardo-Finmeccanica | AgustaWestland Helicopter
Contact: Press Office - LeonardoCompany.com 
+39 06 32473313 pressoffice[.]leonardocompany.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 Leonardo S.p.a. securities in any jurisdiction including any other companies listed or named in this release.

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