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Leonardo Announces 380M EUR Contract for Maritime Multirole Helicopters with the Polish Ministry of National Defense - Leonardo announced today that it has signed a contract valued at approximately 380 mln EUR (1.65 bn PLN) that will significantly enhance the Polish Navy’s helicopter capability - LeonardoCompany.com
Leonardo Announces 380M EUR Contract for Maritime Multirole Helicopters with the Polish Ministry of National Defense

 

PRZOOM - /newswire/ - Swidnik, Poland, 2019/04/26 - Leonardo announced today that it has signed a contract valued at approximately 380 mln EUR (1.65 bn PLN) that will significantly enhance the Polish Navy’s helicopter capability - LeonardoCompany.com. FNC IM; SIFI.MI

   
 
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• Four AW101s and a comprehensive integrated logistics and training package to be supplied with PZL-Świdnik acting as prime contractor;
• With deliveries to be completed by 2022 the fleet will perform Anti-Submarine Warfare and combat search and rescue missions;
• Profumo: “A key step in our longstanding collaboration with the Polish MoD and industry that sees us committed to further growth and collaborations in Poland”;
• Leonardo Poland is established to enable a stronger, more effective coordination in all areas of business for the benefit of Polish customers and stakeholders.

Through its fully owned Polish company and main industrial presence in the country, PZL-Świdnik, Leonardo will supply four AW101s and a comprehensive integrated logistics and training package to the Polish Ministry of National Defence (MoD).

PZL-Świdnik, acting as the prime contractor and responsible for the entire contract execution, was selected in a multi-stage process, meeting all the requirements of the Polish MoD, and will deliver and support the most capable maritime multirole helicopter available on the market today. The helicopter is already in service in some of the most important NATO nations among others. The Świdnik facility plays a significant role in the production of all the AW101s ordered worldwide.

With deliveries expected to be completed by 2022 the AW101 will perform a range of missions including Anti-Submarine Warfare (ASW) and Combat Search and Rescue (CSAR). This contract signing for the AW101s and the relevant support package follows the Offset Agreement, valued at approx. 400 mln PLN (90 mln EUR) recently announced.

The contract was signed today in the presence of the Prime Minister of the Republic of Poland Mateusz Morawiecki, the Polish Minister of National Defence Mariusz Błaszczak and Leonardo CEO Alessandro Profumo, during a ceremony at Leonardo’s facility in Świdnik.

Alessandro Profumo, Leonardo CEO, said,“We are proud that the Polish MoD has confirmed its trust in Leonardo as one of its key partners to collaborate on national defence, to support the modernization of the Armed Forces and boost technological and industrial growth. We are committed to further reinforcing our presence and contribution to Poland, one of Leonardo’s home countries where we see significant collaboration opportunities in the future.”

Gian Piero Cutillo, Leonardo Helicopters MD, added: “The supply of the best-in-class maritime AW101s will allow the Polish Navy to meet its rigorous requirements for the protection of national security in the Baltic Sea and for NATO operations. It will also enable life-saving missions in demanding conditions with second-to-none effectiveness, leveraging Leonardo’s leading role in the maritime helicopter field. Also, the broad scope of industrial collaboration under the Offset Agreement will guarantee secure and independent fleet management.”

To further consolidate its presence and develop its business in Poland, Leonardo is establishing a new legal entity headquartered in Warsaw. Leonardo Poland will represent and promote the entire technological and product portfolio. It will support the customer during the programs’ life cycle to develop partnerships with Polish industry, ensuring closeness to the customer and local stakeholders. Marco Lupo has been appointed President of Leonardo Poland, with the objective of tightening relations with Polish customers and stakeholders and reinforcing the already well-established position of Leonardo 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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Leonardo Announces 380M EUR Contract for Maritime Multirole Helicopters with the Polish Ministry of National Defense

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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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