Saturday, February 16, 2013

Agusta Westland Reacts : 'India Has Not Yet Cancelled The Contract'

AgustaWestland Statement
Regarding recent investigations by an Italian prosecutor into alleged improprieties concerning the contract for VVIP helicopters for the Government of India, AgustaWestland is confident that the full compliance with the relevant laws as well as the good conduct of its past and present Senior Executives and Managers will be demonstrated as soon as practicable.

As for media reports alleging that Indian Authorities have cancelled the VVIP helicopters contract, AgustaWestland clarifies that the Indian Ministry of Defence has not cancelled the contract but has given notice requesting information within seven days. AgustaWestland is preparing its answers to timely meet the Indian Ministry of Defence’s request.

In 2011 AgustaWestland had revenues of approximately EUR4.0 billion and an order book of approximately EUR12.0 billion including future deliveries of more than 600 helicopters and 300 helicopter kits. It has a workforce of more than 13,000 and additionally supports some 4,000 people externally. The 2012 trend for AgustaWestland continue to remain positive as well. This success is based on the expertise, skills and dedication of the company’s workforce as well as on the breadth of its research capabilities, manufacturing base, supply chain and, of course, the quality of its products.

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