AgustaWestland Snags £760M UK Helicopter Contracts

Law360, Washington (January 29, 2014, 12:03 PM EST) -- A Finmeccanica SpA helicopter unit secured two contracts from the U.K.'s Ministry of Defence worth £760 million ($1.24 billion) combined for future work on two helicopter lines, the company said Tuesday.

For one contract, AgustaWestland NV will receive £330 million to convert 25 AW101 Merlin helicopters for maritime use by the U.K.'s Royal Navy between now and 2020. The Royal Navy plans to use the converted helicopters to replace four Sea King Mk4 helicopters that will retire in 2016.

As part of the conversion process, AgustaWestland...
To view the full article, register now.