AgustaWestland

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AgustaWestland NV
Type Private (subsidiary of Finmeccanica)
Industry Aerospace
Founded 2000
Headquarters Samarate, Varese, Italy
Farnborough, Hampshire, UK
Products Helicopters
Employees 8,531 (2005)
Parent Finmeccanica
Subsidiaries PZL-Świdnik
Website http://www.agustawestland.com

AgustaWestland is an Anglo-Italian[1] helicopter design and manufacturing company. It was formed in July 2000 when Finmeccanica S.p.A. and GKN plc agreed to merge their respective helicopter subsidiaries (Agusta and Westland Helicopters) to form AgustaWestland with Finmeccanica and GKN each holding a 50% share.

AgustaWestland is now a wholly owned subsidiary of Finmeccanica of Italy.

Contents

[edit] History

On May 26, 2004 GKN confirmed that it would sell its share to Finmeccanica for £1.06 billion. AgustaWestland opened offices in Philadelphia in 2005, and won a contract to build the new presidential helicopter Marine One over the U.S. manufacturer Sikorsky Aircraft, but this program was canceled in 2009.[2]

In early 2010 AgustaWestland acquired PZL-Świdnik, a Polish helicopter manufacturer.[3]

In February 2012, the Indian defence ministry announced that it was investigating the sale of 12 AgustaWestland helicopters, and that "some Indian government officials could be involved in getting kickbacks for changing the terms and conditions of the deal in favour of the company."[4]. The company's parent, Finmeccanica, which is already under corruption charges in Italy for allegedly maintaining slush funds[5], has denied any wrongdoing[6], but its stocks fell immediately.

[edit] Products

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[edit] See also

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[edit] External links


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