Agency / Source: Leonardo S.p.a.

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Polish Ministry of National Defence Signs 90M EUR Offset Agreement for AW101 Helicopters - Leonardo, the owner of PZL-Świdnik, the Group’s main industrial pillar in Poland, announced that its UK subsidiary Leonardo MW Ltd has signed an Offset Agreement, valued at approx. 90 mln EUR, with the Polish Ministry of National Defence - PZL.Swidnik.pl
Polish Ministry of National Defence Signs 90M EUR Offset Agreement for AW101 Helicopters

 

PRZOOM - /newswire/ - Warsaw, Poland, 2019/04/08 - Leonardo, the owner of PZL-Świdnik, the Group’s main industrial pillar in Poland, announced that its UK subsidiary Leonardo MW Ltd has signed an Offset Agreement, valued at approx. 90 mln EUR, with the Polish Ministry of National Defence - PZL.Swidnik.pl . FNC IM; SIFI.MI

   
 
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• The Offset Agreement, signed by Leonardo MW Ltd, provides for establishing critical in-country maintenance capabilities and precedes a contract for the supply of AW101 military helicopters;
• The Offset Programme fully meets the stringent requirements of the Polish MoD, confirming Leonardo’s commitment to a solid and long-term cooperation with the Polish Armed Forces and Polish industry.

Leonardo, the owner of PZL-Świdnik (pzl.swidnik.pl), the Group’s main industrial pillar in Poland, announced that its UK subsidiary Leonardo MW Ltd has signed an Offset Agreement, valued at approx. 400 mln PLN (90 mln EUR), with the Polish Ministry of National Defence. The signing of the Offset Agreement precedes a contract for the supply of AW101 military helicopters.

The Offset Agreement provides the Polish Ministry of National Defence with the commitment for establishing in the Military Aviation Works No.1 in Łódź, part of the Polish Armaments Group (PGZ), critical maintenance capabilities for the AW101 helicopters and its dedicated mission equipment. Also the Gdańsk Technical University will be among the entities benefitting from the Offset Agreement.

The scope of the offset programme fully meets the stringent requirements of the Polish Ministry of National Defence, confirming Leonardo’s commitment to a solid and long-term cooperation with the Polish Armed Forces and Polish industry for the delivery of relevant capabilities required for the maintenance of modern military equipment, as well as development and sustainment of the necessary skills and experience in the country.

About Leonardo

Leonardo (leonardocompany.com) is a global high-tech company and one of the key players in Aerospace, Defence and Security. Headquartered in Italy, Leonardo has over 45,000 employees. The Company has a significant industrial presence in four domestic markets (Italy, the United Kingdom, the United States and Poland) as well as strategic partnerships in the most important high potential international markets. Since 4 July 2013 Gianni De Gennaro is the Chairman and since 16 May 2017 Alessandro Profumo is the Chief Executive Officer. Leonardo's structure is organised into seven Divisions. The Company also operates through subsidiaries and joint ventures.

 
 
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Agency / Source: Leonardo S.p.a.

 
 

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Polish Ministry of National Defence Signs 90M EUR Offset Agreement for AW101 Helicopters

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