Posted in: Leonardo Helicopters NEWS, World Helicopter NEWS. "Experts say the Leonardo Wildcat helicopter is a cheaper option for the South Korean navy than the Lockheed Martin alternative.But reports indicate that the US wants to raise Seoul’s contribution to the cost of keeping 28,500 US troops stationed in South Korea.Harry Harris, the US ambassador in Seoul, told the Financial Times that weapons procurement was being “taken into consideration” by Washington as part of negotiations.“Clearly, we are happy when South Korea buys American weapons,” Mr Harris said last month.Addressing the situation today, a spokesman for Leonardo Helicopters said: "Leonardo is pursuing multiple international opportunities for the AW159 and will continue to work towards all export campaigns. You can unsubscribe at any time.Leonardo employs thousands of local people at its base in Yeovil, where the AW159 Wildcat is madeLeonardo Helicopters was allegedly the only bidder for an $800 million contract to supply 12 helicopters to South Korea, but now the US has muscled in, according to reportsA spokesman for Leonardo said that the company will "continue to work towards all export campaigns" and is "in the running" for the South Korea contractYeovil MP Marcus Fysh raises the issue in parliament today
Leonardo Helicopters may lose $800 million helicopter deal if Donald Trump has his way - reports. News. Life Link III signed a contract for one helicopter with delivery in 3Q2021, adding to an existing fleet of ten AW119Kx Offshore helicopter operators Bristow Group and ERA Group are to merge, creating a business with a combined $1.5 billion turnover and a fleet of over 300 rotorcraft.Effectively a reverse takeover of ERA, the new entity will be known as Bristow but retain the former’s New York Stock Exchange listing.“This merger achieves more efficient absorption of the significant fixed costs required to run an air carrier and better positions the combined company to manage industry challenges,” says ERA chief executive Chris Bradshaw.Bradshaw will become chief executive of the merged business.Bristow emerged from Chapter 11 bankruptcy protection in October having ditched around $900 million of debt in the process.ERA is one of the few offshore helicopter firms not to have entered a restructuring process, with US rivals CHC Helicopter and PHI having both undergone Chapter 11 in recent years.For the three months ended 31 September 2019, ERA recorded a net loss of $1.9 million and $2.9 million for the nine-month period, against respective profit figures of $31 million and $19 million for the previous year.Bristow’s loss for the three months ended 30 June 2019 was $169 million, albeit including significant restructuring costs.As of 31 September, ERA had a fleet of 105 rotorcraft, including 36 Leonardo Helicopters AW139s; it also holds orders and options for 13 AW189s and five AW169s. Somerset News.
Welcome to flightglobal.com. "Moon Jae-in, South Korea’s president, signalled during a meeting with Donald Trump at the UN last September that Seoul would increase American weapons purchases. In January 2017 the Italian Army awarded the manufacturer a €487 million contract to develop a successor to the A129 Mangusta. "Donald Trump could take a multi-million dollar contract from under the noses of Leonardo, as the issue is brought up by a minister in parliamentWhen you subscribe we will use the information you provide to send you these newsletters. ERA is also the launch customer for the AW609 tiltrotor, although the type is not listed in its financial statements.Bristow, meanwhile, had 216 helicopters in its fleet at end-June, with a further 26 on order.The two companies boast that the combined operation will own over 80% of its fleet. News. 2020-01-29T00:00:00Z. With a skilled workforce of over 7,000 employees in the United States, Leonardo designs, develops and manufactures innovative technology for aerospace, security and defense while delivering unparalleled customer support and training to domestic and international markets.
"The AW159 is a highly successful platform utilised by the UK's Royal Navy, British Army and other nations, including South Korea which operates eight AW159 helicopters.
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