Press Esc to close
Tuesday 23 December 2014
News updated at 6:59 AM IST
Weather
Max: 28.3°C
Min : 17.1°C
In Bengaluru
Partially cloudy

Finmeccanica's global presence grew in recent years

NEW DELHI, Feb 12, 2013, DHNS:

“Finmeccanica is Italy’s leading industrial group in the high technology sector and ranks among the top 10 global players in aerospace, defence and security,” said the official website of the defence and aerospace giant.

The Finmeccanica group, which is battling bribery allegations and the arrest of its CEO and chairman, deals with helicopters, defence electronics and security and aeronautics. These sectors generate 73 per cent of the conglomerate’s revenues and comprise 67 per cent of its orders, besides employing 74 per cent of its staff. It has about 70,000 employees, of whom 43 per cent work at around 50 countries in five continents.

According to the website, in 2011, Finmeccanica generated 17.3 billion euros in revenue and obtained orders worth 17.4 billion euro. Finmeccanica has an order book of 46 billion euros and invests about 12 per cent of its revenues in research and development.

Both Finmeccanica and its subsidiary, AgustaWestland, were prominent participants at the Aero India show in Bangalore last week. AgustaWestland exhibited its range of helicopters, including the controversial AW101, at the event.

Established in 1948, Finmeccanica had close ties with India since the 70s. In 2011, the company faced charges that it had created slush funds to bribe politicians. Erstwhile chairman Pier Francesco Guarguaglini, under probe at present, was forced to quit.

The company said its international presence has grown constantly in recent years. At present, Finmeccanica’s industrial facilities are spread across the world, with about 350 companies, joint ventures, partnerships and joint industrial projects. AgustaWestland, the UK-based Anglo-Italian helicopter company, calls itself a “total capability provider in the vertical lift market.”


Go to Top

Photo Gallery
People sit around a bonfire to warm themselves during a...

People sit around a bonfire to warm themselves during a...

IAF soldiers march during a rehearsal for the upcoming...

IAF soldiers march during a rehearsal for the upcoming...

Super Star Amitabh Bachchan  along with Chief Minister of...

Super Star Amitabh Bachchan along with Chief Minister of...

SP Chief Mulayam Singh Yadav chats with RJD President...

SP Chief Mulayam Singh Yadav chats with RJD President...

A Leopard walks by the bushes at Bannerghatta...

A Leopard walks by the bushes at Bannerghatta...

A Rajasthani folk dancer performs during handicraft...

A Rajasthani folk dancer performs during handicraft...

An Indian man exercises as fog envelops a park...

An Indian man exercises as fog envelops a park...

A shop is attracting people, to purchase Christmas...

A shop is attracting people, to purchase Christmas...

A family is performing the rituals as part of the Ellamavasye celebration...

A family is performing the rituals as part of the Ellamavasye celebration...

Students along with teacher takes part in the 'Swachha Bharath Abhiyan'...

Students along with teacher takes part in the 'Swachha Bharath Abhiyan'...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523