AgustaWestland Helicopter Deal In Jeopardy After Bribery Arrest | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.13.17

Airborne 02.13.17

Airborne 02.14.17

Airborne 02.15.17

Airborne 02.16.17

Airborne 02.17.17

Airborne-HD On YouTube

ADR 02.13.17

Airborne 02.13.17

Airborne 02.14.17

Airborne 02.15.17

Airborne 02.16.17

Airborne 02.17.17

Tue, Feb 19, 2013

AgustaWestland Helicopter Deal In Jeopardy After Bribery Arrest

Finmeccanica CEO Arrested, Resigns Over The Scandal

The Indian Defense Ministry has given AgustaWestland a short 7-day deadline for an explanation as to why a helicopter contract should not be cancelled. The company is embroiled in a bribery scandal that resulted in the arrest of Finmeccanica CEO Giuseppe Orsi February 12th.

The company is accused of corruption, tax fraud, and making illegal payments in connection with the sale of 12 AW101 helicopters to India. Three have already been delivered, according to Bloomberg News.

Finmeccanica is Italy's largest defence contractor. On February 14, they moved Alessandro Pansa into the CEO position. The company acknowledged that the New Delhi government has asked for an explanation of the deal, but denies that it is a cancellation of the contract. In a statement, AgustaWestland said it 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.”

Analysts in India say that if the helicopter deal collapses, it could have a ripple effect on other contracts between Finmeccanica and the New Delhi government. One indicated that "blacklisting" Finmeccanica "can't be ruled out."

In a separate release, the Finmeccanica board said the company is "fully operational" under the leadership of Pansa. They deny any wrongdoing in securing the contract over competing helicopters from the U.S. and Russia.

(Indian Air Force AW101 pictured in file image)

FMI: www.finmeccanica.com

Advertisement

More News

Klyde Morris (02.20.17)

Klyde's Still On SpaceX's Case... As Usual FMI: www.klydemorris.com>[...]

SpaceX Falcon 9 Back In ISS Delivery Biz

Eighth Successful First Stage Landing/Recovery Looked Almost Easy... They're back in the ISS delivery business as a SpaceX Falcon 9 rocket lifted off at 9:39 a.m. EST, Sunday. Abou>[...]

Napa Jet Center (KAPC) To Offer Expanded Maintenance Services

Textron Aviation Selects Napa Jet Center For Maintenance Of Bonanza/Baron Series Napa Jet Center (KAPC) has been selected by Textron Aviation to add the Beechcraft Authorized Servi>[...]

Aero-News: Quote of the Day (02.20.17)

“One of the main uses for the UAS will be for high-risk situations such as someone barricaded in a home or building. The UAS will allow us to get a bird’s-eye view and >[...]

Moore County, NC SheriffÂ’s Office Purchases UAS

Will Be Employed For A Variety Of Law Enforcement Operations Sheriff Neil Godfrey announced today that the Moore County Sheriff’s Office has purchased an Unmanned Aircraft Sy>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC