Saturday 19 April 2014
News updated at 10:26 AM IST
Weather
Max: 35.4°C
Min : 22.5°C
In Bangalore
Sunny day

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
Runners, wearing jackets from the 2013 Boston Marathon, add their message to a cloth banner after...

Runners, wearing jackets from the 2013 Boston Marathon, add their message to a cloth banner after...

Yesenia Del Carmen 8, carries a cross reading 'No to the Deportations,' 'as she and her...

Yesenia Del Carmen 8, carries a cross reading 'No to the Deportations,' 'as she and her...

South Sudanese fleeing an attack on the South Sudanese town of Rank, rest during arrival at a...

South Sudanese fleeing an attack on the South Sudanese town of Rank, rest during arrival at a...

A sand sculpture of Simon Zelotes preaching the gospel is seen during Holy Week celebrations in...

A sand sculpture of Simon Zelotes preaching the gospel is seen during Holy Week celebrations in...

Rescue workers operate near floats where the capsized passenger ship 'Sewol' sank, during the...

Rescue workers operate near floats where the capsized passenger ship 'Sewol' sank, during the...

Pilgrims light candles held in orange skins on Good Friday in Tanarandy Mission April 18, 2014...

Pilgrims light candles held in orange skins on Good Friday in Tanarandy Mission April 18, 2014...

Leaked oil is seen on the surface of the sea near the site where the capsized passenger ship...

Leaked oil is seen on the surface of the sea near the site where the capsized passenger ship...

Firefighters stand near the remains of beachfront homes which caught fire in Sea Isle City, New...

Firefighters stand near the remains of beachfront homes which caught fire in Sea Isle City, New...

In this Saturday, Feb. 15, 2014, file photo, Miss America 2014 Nina Davuluri attends the NCAA...

In this Saturday, Feb. 15, 2014, file photo, Miss America 2014 Nina Davuluri attends the NCAA...

Women adjust their outfits as they prepare to take part in a ritual dance during a Gaga ceremony...

Women adjust their outfits as they prepare to take part in a ritual dance during a Gaga ceremony...

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