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'''AgustaWestland NV''' is an Anglo-Italian [[Multinational corporation|multinational]] [[helicopter]] design and manufacturing company, and a wholly owned subsidiary of [[Finmeccanica]]. It was formed in July 2000 when Finmeccanica and [[GKN]] merged their respective helicopter subsidiaries ([[Agusta]] and [[Westland Helicopters]]) to form AgustaWestland, with each holding a 50% share. Finmeccanica acquired GKN's stake in AgustaWestland in 2004.
'''AgustaWestland NV''' is an Italian [[Multinational corporation|multinational]] [[helicopter]] design and manufacturing company, and a wholly owned subsidiary of [[Finmeccanica]]. It was formed in July 2000 when Finmeccanica and [[GKN]] merged their respective helicopter subsidiaries ([[Agusta]] and [[Westland Helicopters]]) to form AgustaWestland, with each holding a 50% share. Finmeccanica acquired GKN's stake in AgustaWestland in 2004.


==History==
==History==

Revision as of 13:05, 18 February 2013

AgustaWestland NV
Company typeSubsidiary
IndustryAerospace
PredecessorAgusta
Westland Helicopters
Founded2000
HeadquartersAmsterdam, the Netherlands[1]
Key people
Bruno Spagnolini (Chief Executive)[1]
ProductsHelicopters
Revenue€3,915 million (2011)[2]
€417 million (2011)[2]
Number of employees
13,303 (at 31 December 2011)[2]
ParentFinmeccanica
SubsidiariesPZL-Świdnik
Websitehttp://www.agustawestland.com

AgustaWestland NV is an Italian multinational helicopter design and manufacturing company, and a wholly owned subsidiary of Finmeccanica. It was formed in July 2000 when Finmeccanica and GKN merged their respective helicopter subsidiaries (Agusta and Westland Helicopters) to form AgustaWestland, with each holding a 50% share. Finmeccanica acquired GKN's stake in AgustaWestland in 2004.

History

The Italy-based Finmeccanica and the United Kingdom-based GKN first announced their intention to merge their respective helicopter subsidiaries, Agusta and Westland Helicopters, in March 1999.[3] Finmeccanica and GKN announced finalised terms for the merger in July 2000, which included a 50:50 ownership structure, and the payment of top-up fees to GKN to compensate for a disparity in profit levels between Agusta and Westland.[4][5]

In January 2002, AgustaWestland announced that it would be cutting a total of 950 jobs in the United Kingdom and closing its factory in Weston-super-Mare, which carried out customer support work, as activity was concentrated at its main site in Yeovil.[6]

On 26 May 2004, GKN confirmed that it had agreed to sell its share of AgustaWestland to Finmeccanica for £1.06 billion.[7][8] The sale was approved by the British government in October 2004.[9]

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.[10] In November 2005 it was announced that AgustaWestland had agreed to acquire Bell Helicopter's 25 per cent interest in the AB139 medium twin helicopter program, and to increase its interest in the BA609 civil tiltrotor aircraft from 25 per cent to 40 per cent.[11]

In June 2008, AgustaWestland and the Russia-based helicopter manufacturer Russian Helicopters agreed to form a new joint venture company to assemble AW139 helicopters in Russia.[12] Construction of a $50 million helicopter assembly facility in the town of Tomilino near Moscow began in June 2010.[13][14]

In early 2010, AgustaWestland acquired PZL-Świdnik, a Polish helicopter manufacturer.[15]

In September 2012, AgustaWestland and Northrop Grumman announced the signing of a comprehensive teaming agreement under which the companies will jointly bid for contracts to build the U.S. Air Force Combat Rescue helicopter and U.S. Navy's new "Marine One" presidential helicopter.[16]

Products

  • AW101
    AW101
  • AW139
    AW139
  • AW169
    AW169
  • Westland Lynx
    Westland Lynx
  • A109K2
    A109K2
  • A-129CBT Mangusta
    A-129CBT Mangusta
  • BA609
    BA609
  • Agusta Bell AB412
    Agusta Bell AB412
  • WAH64 Apache
    WAH64 Apache

References

  1. ^ a b "Company Overview of AgustaWestland NV". Bloomberg Businessweek. Retrieved 19 September 2012.
  2. ^ a b c "Key information". AgustaWestland. Retrieved 18 September 2012.
  3. ^ "Westland helicopter merger flies". BBC News. 18 March 1999. Retrieved 18 September 2012.
  4. ^ "Westland merger confirmed". BBC News. 26 July 2000. Retrieved 18 September 2012.
  5. ^ "GKN wins 'top-up' merger payments". The Telegraph. 27 July 2000. Retrieved 18 September 2012.
  6. ^ "Westland closes factory". BBC News. 10 January 2002. Retrieved 18 September 2012.
  7. ^ "GKN sells its stake in Westland". BBC News. 28 July 2004. Retrieved 18 September 2012.
  8. ^ "GKN sells AgustaWestland stake". The Guardian. 28 July 2004. Retrieved 18 September 2012.
  9. ^ "AgustaWestland sale to go ahead". BBC News. 6 October 2004. Retrieved 18 September 2012.
  10. ^ Gates outlines military spending overhaul - Politics - msnbc.com
  11. ^ "Bell to sell helicopter program stake to AgustaWestland". Flight Global. 22 November 2005. Retrieved 25 September 2012.
  12. ^ "Russia, Italy to assemble AW139 helicopters in Moscow region". RIA Novost. 11 June 2008. Retrieved 25 September 2012.
  13. ^ "Russia, Italy to build helicopter assembly facility". The Voice of Russia. 22 June 2010. Retrieved 25 September 2012.
  14. ^ "Italian, Russian Firms to Build Helicopter Factory". The Moscow Times. 23 June 2010. Retrieved 25 September 2012.
  15. ^ Gazeta Wyborcza article from Feb. 2, 2010 [1]
  16. ^ "Northrop Grumman, Finmeccanica team up for US helicopters". Reuters. 18 September 2012. Retrieved 18 September 2012.
  17. ^ http://www.aerospace-technology.com/projects/aw109-helicopter/
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