AW Gets $74M from the UK Government Regional Growth Fund

 - December 5, 2012, 1:25 AM

Italian helicopter manufacturer AgustaWestland has received $74 million from the UK Government Regional Growth Fund to help develop the AW609 civil tiltrotor and future tiltrotor designs. AW said it will work with the National Composites Centre, the University of Liverpool and key UK suppliers on the program. The tiltrotor is slated for certification in 2016. AgustaWestland said it would contribute more than $87 million to the program. Proceeds will be used in part to build a commercial helicopter final assembly line, helicopter maintenance facility, helicopter training academy in conjunction with the Aerohub at Newquay Cornwall Airport, and a helicopter R&D center in conjunction with industry and academia.