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Anglo-Italian helicopter firm wins $567 mln S. Korea deal
by Staff Writers
Seoul (AFP) Jan 15, 2013

Anglo-Italian helicopter company AgustaWestland has beaten its US rival to win a $567 million contract from South Korea's navy, officials said Tuesday.

The Defence Acquisition Programme Administration (DAPA) said it would buy eight AW159 Wildcat helicopters from AgustaWestland over two years starting 2015.

A spokesman said the $567 million price tag also includes the transfer of technology and extra equipment.

The Wildcat, which is armed with machine guns and can carry dipping sonar, torpedoes and anti-ship missiles, will be used as the navy's multi-mission helicopter, DAPA officials said.

The US-made Sikorsky Seahawk that competed with the Wildcat has been disqualified mainly because it could not meet the price set by South Korea, they said.

The Wildcat will be deployed on destroyers and frigates.


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Bulgaria cancels privatisation of defence group VMZ
Sofia, Bgr (AFP) Jan 14, 2013
Bulgaria has cancelled the privatisation of its state-owned defence group VMZ Sopot owing to a lack of investor interest, the privatisation agency announced on Monday. The sole bidder for VMZ, the Bulgarian firm Emko, submitted a binding offer but did not pay a required tender deposit by the deadline on Monday, privatisation agency chief Emil Karanikolov told state BNR radio. "Due to the ... read more

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