Finmeccanica Signs Strategic Agreements with China

By on Friday, June 13th, 2014

At the Italy-China Business Forum under way in Beijing, Mauro Moretti, Chief Executive Officer and General Manager of Finmeccanica, has signed two agreements of strategic importance for the Group.

The agreements were signed in the presence of Italian Prime Minister, Matteo Renzi and Chinese Premier, Li Keqiang.

The first agreement is a Memorandum of Understanding between Finmeccanica-AgustaWestland and Beijing Automotive Industrial Corporation (BAIC) to pave the way to industrial cooperation for the marketing, maintenance and training for helicopters to be used exclusively for public purposes.

As a result of the agreement Finmeccanica-AgustaWestland may soon be supplying the Chinese market with 50 helicopters over a five-year period.

The second agreement concerns a memorandum between Ansaldo STS, a Finmeccanica company, and United Mechanical and Electrical Co. Ltd., for the execution of four projects (Hangzhou Line 4, Dalian Lines 1&2 extension, Shenyang Line 1, Xi’an Line 2) involving the supply of signalling systems based on CBTC technology. The company has also signed a Memorandum of Understanding under which the same Chinese company commits to negotiating the contracts related to the two projects (Chengdu Line 1 and 2, and Wenzhou S1).

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