Saturday, July 21, 2012

Finmeccanica signs contracts worth $850 million


The M-346 advanced trainer. A Finmeccanica photo.
ROME (BNS): Italian company Finmeccanica has signed contracts worth $850 million with Israel's Ministry of Defence for the sale of 30 M-346 advanced trainers to Israel.

The contracts were signed through Italian operational companies Alenia Aermacchi, Telespazio and SELEX Elsag in the framework of a collaboration agreement between the Italian and Israeli governments.

Under the contract, Alenia Aermacchi will supply the M-346 advanced trainer aircraft including aircraft, engines, maintenance, logistics, simulators, and training for a taotal value $1 billion of which approximately $600 million will accrue to Alenia Aermacchi.

The new aircraft will replace the A-4 Skyhawks currently in service with the Israeli Air Force. The delivery of the first unit is scheduled for mid 2014.

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2 comments:

  1. Its to soon to discuss about Israeli Air Force. 2014 means almost more than 2yrs.

    ReplyDelete
  2. Military contract take time friend. But i am sure Israelis must have chosen good aircraft.

    ReplyDelete