AgustaWestland chopper deal: Finmeccanica calls for 'transparent' solution

Finmeccanica said, if the matter is not sorted then it will assess its ongoing projects of supplying components, essential services.

Published: 01st June 2016 02:01 PM  |   Last Updated: 04th June 2016 06:52 AM   |  A+A-


ROME: Acknowledging Defence Minister Manohar Parrikar’s threat of being blacklisted, Italy’s Finmeccanica, which is being investigated for bribery in the AgustaWestland VVIP chopper deal, has called for a ‘transparent’ solution, saying that if the matter is not sorted soon then it will "assess" its ongoing projects of supplying components and essential services to India.

“India is an interesting market for Leonardo-Finmeccanica, and therefore the Company hopes that an agreed and transparent solution is found as soon as possible, in order to shed light on current initiatives and future business opportunities. Should this not be the case, the Company will not refrain from assessing the situation given the limited size of the ongoing business in the country,” Finmeccanica said in a statement.

However, the company added that it has not received any official communication from India regarding the initiation of a blacklisting process by government.

Asserting that exposure of Finmeccanica’s business to India is very marginal, the statement said that over the past few years, no new orders coming from the country have been included in their Budget forecast.

“In particular, the contract for the supply of torpedoes was never formally signed and therefore never included in Leonardo-Finmeccanica's backlog. Despite the context of uncertainty, Leonardo-Finmeccanica, in the spirit of cooperation, has over the past few years continued to supply India with the components and services essential to ensuring the operation of platforms and equipment for the country’s armed forces,” the company said.

Parrikar had said earlier that the government has decided to cancel all ongoing tenders for defence equipment won by Finmeccanica ahead of blacklisting of the firm, which is being probed for bribery charges in VVIP chopper deal.

Stay up to date on all the latest World news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp