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Company Profile Following the implementation of the completion process to combine Agusta and GKN Westland Helicopters, AgustaWestland became fully operational on February 12, 2001. The completion followed both the agreement drawn up by Finmeccanica SpA of Italy and GKN plc of the UK on July 26, 2000 and the subsequent European regulatory approvals. The new Joint Venture company is 50% each owned by Finmeccanica and GKN. With an expected combined 2000 revenue of more than $2.4 billion and a civil and defence order book of about $8 billion, AgustaWestland is now a powerful force in the world helicopter industry. Its strengths provide the platform to make it the world's best in terms of continuous growth, stability and long-term success.
AgustaWestland share Agusta and Westland's products, resources and experience. AgustaWestland is a world-class alliance committed to delivering outstanding products and services to its customers whilst maximising value for its shareholders. AgustaWestland benefits from many years' collaboration between Agusta and Westland on the medium-lift EH101 helicopter programme. This has brought a level of understanding between the two management teams that is already enabling rapid and effective integration with the full support of the British and Italian governments. AgustaWestland, through Agusta and Westland, has developed strategic partnerships with other leading helicopter manufacturers. These collaborations have further strengthened the product range, increased global reach and greatly improved future business prospects.
Courstsey of www.agustawestland.com |
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