EBACE Convention News

Joint helo effort by Oboronprom, AgustaWestland

 - May 20, 2008, 9:46 AM

Russian aerospace conglomerate Oboronprom has begun cooperating with European rotorcraft manufacturer Agusta- Westland (Booth No. 7550) in helicopter maintenance, production and distribution–with a 10-aircraft order as a starter.

As a first stage, the two companies this month signed a distribution agreement with Loyd’s Investments Corp., a Russian-based firm that specializes in marketing and sales of aviation products in Eastern Europe and the former Soviet Union area. The resulting order, worth e65 million ($100 million), is for two AW119Ke singles, two AW109 Power and four Grand light twins and two AW139 medium twins. The agreement includes a total ?450 million ($700 million) worth of orders by 2012.

The second stage of the cooperation will be the joint establishment of maintenance centers for AgustaWestland helicopters in Russia, followed by joint production of AgustaWestland helicopters in the European part of Russia, for both domestic and international markets. The cooperation was outlined in a Letter of Intent last summer.