Rome, 28 May 2012
Finmeccanica: orders signed for a value worth EUR 220 million IDIQ contracts signed by DRS for a value up to USD 134 million Finmeccanica has been awarded new orders for a value worth EUR 220 million through its companies Ansaldo Energia, SELEX Galileo, SELEX Elsag and Telespazio. Ansaldo Energia, through its subsidiary Ansaldo Nucleare, has signed a service contract worth EUR 104 million with Nucleoeléctrica Argentina - Sociedad Anonima (NASA). The aim of the contract is to upgrade and improve the efficiency of the thermal cycle and the turbogenerator under the project to extend the life of the Embalse nuclear power station, in Argentina. SELEX Galileo has been award contracts for a total value of EUR 56 million. A first contract, signed with the Indian Navy, is to provide support and service solutions through to 2022 at the avionics facility at the Centre for Avionics Repair and Software Development (CARES) at India’s Naval Aircraft Yard at Kochi. A second contract has been awarded by the UK Ministry of Defence (MoD) to supply 20 Titan 385ES-HD electro-optic turrets to equip the UK’s existing Chinook fleet as well as the new Mk.6 Chinooks due to enter service in 2016. In addition, the company has been awarded a contract by prime contractor Lockheed Martin to upgrade the laser targeting capabilities of US Army Apache helicopters. SELEX Elsag has been awarded a contract by Russian Post valued at EUR 43 million for the creation of a Revenue Protection system. This will be able to detect income losses caused by difficulties with the postage of postal items throughout the postal network (postal offices, automated sorting centers and communication nodes). Telespazio has been awarded two new contracts totally worth over USD 22 million, for the provision of commercial capacity services to the US Department of Defense. The contracts are relevant to one year lease of more than 350 MHz of satellite capacity on Eutelsat satellites. DRS Technologies has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract with a value up to USD 40 million by the Department of Defense (DoD) for production of the Spot on Target (SPOTR) long-range day/night thermal sight for U.S. military forces. In addition, the company has been awarded for an indefinite-delivery, indefinite-quantity (IDIQ) contract with a value up to USD 94 million to provide the U.S. Navy Space and Naval Warfare Systems Command (SPAWAR) with a range of electronic security services.
Finmeccanica plays a leading role in the global aerospace and defence industry, and participates in some of the sector’s biggest international programmes through its group companies and thanks to well-established alliances with European and US partners. A leader in the design and manufacture of helicopters, defence and security electronics, civil and military aircraft, aerostructures, satellites, space infrastructure and defence systems, Finmeccanica is Italy’s leading high-tech company. It also boasts significant manufacturing assets and expertise in the transport and energy sectors; it is listed on the Milan stock exchange and operates via a number of group companies st and joint ventures. At December 31 2011, the Finmeccanica Group had 70,474 employees, including 40,224 in Italy, approximately 10,450 in the US, more than 9,300 in the UK, nearly 3,700 in France, nearly 3,250 in Poland and 964 in Germany. Over 85% of the Group’s employees are based in our three “domestic” markets (Italy, UK, USA). As part of its drive to maintain and build on its technological excellence, the Finmeccanica Group spends 11% of its revenues on research and development.