Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. 24/7 Space News .




MILPLEX
Finmeccanica's India troubles poorly timed
by Staff Writers
Sao Paulo (UPI) Feb 19, 2013


India PM conveys 'concern' to Cameron over graft claims
New Delhi (AFP) Feb 19, 2013 - India's Prime Minister Manmohan Singh said Tuesday he had conveyed his "serious concern" to British counterpart David Cameron over allegations of corruption in a 2010 deal for Anglo-Italian helicopters.

"I also conveyed to the prime minister our very serious concerns regarding allegations that unethical means were used in securing the 2010 contract for AgustaWestland," Singh told a joint press conference.

"Prime Minister David Cameron has assured me of the cooperation of his government in the investigation," he added.

AgustaWestland, which manufactures helicopters in Britain, is owned by Italian aerospace giant Finmeccanica, whose chief executive was arrested last week over allegations the company paid bribes to win the Indian deal in 2010.

"We will respond to any request for information. I am glad that the Italian authorities are looking into this issue in detail," Cameron told the press conference on the second day of his three-day trade-focused trip to India.

"In Britain we have introduced anti-bribery legislation that is probably the strongest anywhere in the world. We will root out any problems of bribery and corruption wherever and whenever they appear," he said.

Press reports based on leaks from Italian prosecutors suggest one of the alleged middlemen used to secure the deal for AgustaWestland is based in London.

Italian aviation manufacturer Finmeccanica's troubles in India over an alleged bribery scandal are poorly timed amid ambitious plans for expansion in Latin America.

Only last month the Italian conglomerate's Anglo-Italian company, helicopter maker AgustaWestland, announced it is teaming with Brazilian aviation giant Embraer to start a production and assembly line in Brazil.

Finmeccanica has extensive operations through subsidiaries and partners in Brazil and smaller but significant business in Argentina and elsewhere in Central and South America.

"Finmeccanica sees Brazil not simply as a new market for the group's products but rather as a skilled counterpart with which the group can initiate stable and strategic partnerships involving local companies," the conglomerate said, outlining its plans for the region.

Finmeccanica is present in the country with Finmeccanica do Brasil and other companies including Selex Sistemi Integrati, Selex Communications, Ansaldo STS and Telespazio.

With the Embraer deal in place, AgustaWestland do Brasil, a subsidiary, hopes to expand a logistical and operational support center it set up in Sao Paulo in 2009.

But uncertainty looms over Finmeccanica operations in Latin America as it remains the target of a corruption investigation by Italian authorities.

The group's chairman and chief executive, Giuseppe Orsi, was arrested Feb. 12 in Rome in connection with a $750 million 12-helicopter deal with India in 2010.

At the time, Orsi was the head of Finmeccanica's AgustaWestland helicopter unit which in January signed an extensive joint manufacturing and marketing deal with Embraer.

British Prime Minister David Cameron launched a spirited defense of AgustaWestland, calling it a "brilliant" company during his visit to India. He told the BBC corruption was an issue for all countries, not just India.

The Indian investigation centers on the alleged payment of bribes to politicians through slush funds. Both Orsi and Finmeccanica's India deny the allegations but Indian newspapers speculated that the entire Finmeccanica group operation in the South Asian country may be blacklisted.

Latin American defense politicians and manufacturers are sensitive to any company tainted with corruption allegations, even when unproven.

Brazilian President Dilma Rousseff is under increasing pressure to clean up the country's political establishment after a series of senior ministers in her Cabinet and in the government of former President Luiz Inacio Lula da Silva were targeted in corruption scandals.

Brazil's private sector and government are investing billions of dollars into regeneration of the country's defense industry, which witnessed dynamic growth under military dictatorship but declined when Brazil returned to democratic rule in 1985. Brazil sees growing export potential for its military exports.

Embraer, one of the largest aircraft manufacturers in the world, is keen to branch out and explore partnerships. Last year the company announced advances in tactical transport and tanker aircraft development and is trying to get into the U.S. market with its Super Tucano light attack aircraft after a U.S. Air Force contract fell through. Expansion into the helicopter market is part of Embraer's strategic plan.

Both Embraer and AgustaWestland see a strong market potential for helicopters. Brazil's multibillion-dollar oil and natural gas exploration program and similar but small energy and mining development programs in Central and South America and the Caribbean have created a growing demand for helicopters.

Brazilian and other air forces in Latin America are also investing in military upgrades that include acquisition of helicopters.

.


Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





MILPLEX
France seeks Indian defense contracts
New Delhi (UPI) Feb 15, 2013
French President Francois Hollande has met with Indian Prime Minister Manmohan Singh with a special look at defense relations on the agenda. Underscoring the importance of the visit, Hollande was accompanied by French Foreign Minister Laurent Fabius and French Defense Minister Jean-Yves Le Drian along with the chief executive officers of more than 60 leading French firms. A Frenc ... read more


MILPLEX
Building a lunar base with 3D printing

US, Europe team up for moon fly-by

Russia to Launch Lunar Mission in 2015

US, Europe team up for moon fly-by

MILPLEX
Bleach could hamper Mars life search

At the mouth of the red valley

NASA's MAVEN Mission Completes Assembly

Rover Walkabout Continues at Cape York

MILPLEX
NASA Spinoff 2012 Features New Space Tech Bettering Your Life Today

Orion Lands Safely on Two of Three Parachutes in Test

Supersonic skydiver even faster than thought

Ahmadinejad says ready to be Iran's first spaceman

MILPLEX
Welcome Aboard Shenzhou 10

Reshuffle for Tiangong

China to launch 20 spacecrafts in 2013

Mr Xi in Space

MILPLEX
Low-Gravity Flights Will Aid ISS Fluids and Combustion Experiments

Progress docks with ISS

NASA to Send Inflatable Pod to International Space Station

ISS to get inflatable module

MILPLEX
Another Sea Launch Failure

ILS Concludes Yamal 402 Proton Launch Investigation

Ariane 5 delivers record payload off back-to-back launches this week

Eutelsat and Arianespace sign new multi-year multiple launch services agreement

MILPLEX
Earth-like planets are right next door

Direct Infrared Image Of An Arm In Disk Demonstrates Transition To Planet Formation

Kepler Data Suggest Earth-size Planets May Be Next Door

Earth-like planets may be closer than thought: study

MILPLEX
Researchers strain to improve electrical material and it's worth it

Explosive breakthrough in research on molecular recognition

Indra Develops The First High-Resolution Passive Radar System

ORNL scientists solve mercury mystery




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement