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. 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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