Italian defence giant Finmeccanica
on Tuesday signed a contract to supply 28 Eurofighter Typhoons
to Kuwait on the basis of an inter-governmental accord with
Italy.
It is the biggest contract ever signed by Finmeccanica,
believed to be worth between three and four billion euros.
The exact worth of the deal has not been released but
Finmeccanica is said to be counting on just under 50% of a 7-8
billion-euro contract.
The deal is "the biggest commercial success ever reached by
Finmeccanica", its CEO Mauro Moretti said.
"It's a great industrial success with very significant
effects not only for our firm and the other partners in the
Eurofighter consortium but also for the entire Italian system
thanks to benefits in terms of know-how and qualified employment
for the whole chain of Italian small and medium companies active
in the security and defence sector", he said.
Finmeccanica is the leading industrial group in the
high-technology sector in Italy and one of the main global
players in aerospace, defence and security. It operates in five
sectors: aeronautics, helicopters, electronics, defence systems
and space. The company is partially owned by the Italian
government through the economy ministry, which holds 30.204% of
Finmeccanica's shares.
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