Finmeccanica AgustaWestland has signed a contract with the UK Ministry of Defence (MoD) valued at EUR 113 million (£90 million) to integrate, test and install the Future Anti-Surface Guided Weapon (FASGW) Heavy and Light missile systems onto 28 Royal Navy AW159 Wildcat helicopters.
The two missiles are the MBDA FASGW(Heavy)/ANL (Future Anti Surface Guided Weapon (Heavy)/ Anti Navire Léger) and the Thales Light Multirole Missile (LMM) (FASGW (Light)).
Both will be integrated onto the AW159 Wildcat to give it the ability to attack a wide range of surface targets. The company is manufacturing 62 Wildcat helicopters for the UK MoD, 28 of which will be operated by the Royal Navy and 34 by the British Army. The Wildcat is replacing the Lynx helicopter.
This contract is yet another confirmation of the long and successful working partnership between Finmeccanica - AgustaWestland and the UK Ministry of Defence. The Company has been providing helicopters for the Armed Forces for decades, together with a wide range of comprehensive training and support services.
Finmeccanica is Italy’s leading manufacturer in the high technology sector and ranks among the top ten global players in Aerospace, Defence and Security. In 2013 Finmeccanica generated revenues of 16 billion Euro and obtained orders for 17.6 billion euro, with about 64,000 employees operating in 362 sites (of which 138 industrial facilities) in 22 countries worldwide. Listed on the Milan Stock Exchange (FNC IM; SIFI.MI), Finmeccanica is a multinational and multicultural group which boasts permanent industrial and commercial establishments in four domestic markets (Italy, United Kingdom, United States and Poland) and a significant network of partnerships at international level. Finmeccanica's success is based on its technological excellence, which springs from conspicuous investments in Research & Development (amounting to 11% of the revenues), and the constant efforts in developing and integrating the skills, know-how and values of its operating companies. Finmeccanica is active, through controlled companies and joint ventures, in the following sectors: Helicopters (AgustaWestland), Defence Electronics and Security (Selex ES, DRS Technologies), Aeronautics (Alenia Aermacchi, ATR, SuperJet International), Space (Telespazio, Thales Alenia Space), Defence Systems (Oto Melara, WASS, MBDA) and Transportation (Ansaldo STS, AnsaldoBreda, BredaMenarinibus).