Finmeccanica picks up 25 per cent of Sukhoi Civil Aircraft Corp.
07 Apr 2009
Milan: Italian aerospace and defence group Finmeccanica SpA has bought 25 per cent of the Russian company manufacturing the Sukhoi Superjet 100, as part of a series of deals it has concluded in Russia.
Finmeccanica said Tuesday its Alenia Aeronautica unit had bought 25 per cent plus one share in Sukhoi Civil Aircraft Corp (SCAC). The company is developing the Sukhoi Superjet100, a medium-haul passenger aircraft, whose launch customer is scheduled to be Russia's flag carrier Aeroflot.
No details were made available.
The Superjet 100 has orders for 98 aircraft, Finmeccanica said. Sukhoi claims 100.
Finmeccanica also said it had agreed to form a consortium with state-owned Russian Technologies to work together in the security sector.
In other deals, the group's Ansaldo STS unit and Russian Railways unit NIIAS have signed a deal worth about 7.5 million euros ($10.1 million) to test a railway signaling system.
"The contract ... lays the groundwork for further company initiatives on (Russia's) railway lines with an estimated value of more than 200 million euros in the next few years," Finmeccanica said.
