Wednesday, October 15, 2014
Indian Defence Ministry Bans Finmeccanica From Bidding
|An AgustaWestland AW101 on display at this year’s Farnborough airshow. Photo by Andrew Drwiega|
In January this year the Indian government cancelled the €560 million AW101 order, although three had already been delivered. There are currently at least two significant military helicopter requirements in India: one for 197 reconnaissance and surveillance helicopters to replace the seriously old Cheetah and Chetak helicopters, as well as a naval requirement for around 56 utility helicopters. The Indian Navy is also short of anti-submarine helicopters.
The allegation resulted in the arrest in February 2013 of two of Finmeccanica’s top officials, former AgustaWestland CEO Guiseppi Orsi who became Finmeccanica’s chairman, together with his successor at AgustaWestland Bruno Spagnolini.
Finmeccanica continues to deny the allegation.