AgustaWestland
 |
|
| S.A. (corporation) | |
| Industry | Helicopter |
| Predecessor |
Agusta Westland Helicopters |
| Founded | 2000 |
| Defunct | December 31, 2015 (absorbed by Finmeccanica, today Leonardo) |
| Headquarters | Rome, Italy |
|
Key people
|
Daniele Romiti (Chief Executive Officer) |
| Products | Helicopters |
| Revenue | €4,243 million (2012) |
| €473 million (2012) | |
|
Number of employees
|
12,500 (at 31 December 2015) |
| Parent | Finmeccanica, (today Leonardo - Finmeccanica) until 31 December 2015 |
| Subsidiaries | PZL-Świdnik |
| Website | leonardocompany.com |
AgustaWestland S.p.A was a helicopter design and manufacturing company and wholly owned subsidiary of Finmeccanica S.p.a., (today Leonardo). It was formed in July 2000 as an Anglo-Italianmultinational company, when Finmeccanica and GKN merged their respective helicopter subsidiaries (Agusta and Westland Helicopters) to form AgustaWestland, with each holding a 50% share. Finmeccanica acquired GKN's stake in AgustaWestland in 2004. From 1 January 2016, the activities of AgustaWestland were merged into Leonardo-Finmeccanica's Helicopter Sector.
The Italy-based Finmeccanica and the United Kingdom-based GKN first announced their intention to merge their respective helicopter subsidiaries, Agusta and Westland Helicopters, in March 1999. Finmeccanica and GKN announced finalised terms for the merger in July 2000, which included a 50:50 ownership structure, and the payment of top-up fees to GKN to compensate for a disparity in profit levels between Agusta and Westland.
In January 2002, AgustaWestland announced that it would be cutting a total of 950 jobs in the United Kingdom and closing its factory in Weston-super-Mare, which carried out customer support work, as activity was concentrated at its main site in Yeovil.
On 26 May 2004, GKN confirmed that it had agreed to sell its share of AgustaWestland to Finmeccanica for £1.06 billion. The sale was approved by the British government in October 2004.
AgustaWestland opened offices in Philadelphia in 2005, and won a contract to build the new presidential helicopter Marine One over the U.S. manufacturer Sikorsky Aircraft, but this program was canceled in 2009. In November 2005 it was announced that AgustaWestland had agreed to acquire Bell Helicopter's 25 per cent interest in the AB139 medium twin helicopter program, and to increase its interest in the BA609 civil tiltrotor aircraft from 25 per cent to 40 per cent.
In June 2008, AgustaWestland and the Russia-based helicopter manufacturer Russian Helicopters agreed to form a new joint venture company to assemble AW139 helicopters in Russia. Construction of a $50 million helicopter assembly facility in the town of Tomilino near Moscow began in June 2010.
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Wikipedia