Tag: Finmeccanica

AgustaWestland invokes arbitration in #ChopperScam

Click to enlarge: AgustaWestland AW101 | Image credit: Shruti Pushkarna/StratPost

In a statement issue today, the company said it was left ‘with no other option but to invoke arbitration through Counsel’. It said this came after it made several requests to the defense ministry for invoking bilateral discussions as provided in the contract.

Why blacklisting doesn’t work

Blacklisting is the politician’s response to cop out of responsibility for ensuring a corruption free defense acquisition process, that serves no purpose for either the Indian armed forces or the taxpayer, and is effectively the application of rules that govern the PWD (Public Works Department).

#ChopperScam Chatter

The story about the arrest of Giuseppe Orsi, Chairman and CEO of Italian defense and aviation company, Finmeccanica, broke sometime on Tuesday afternoon, a few days less than a year when investigations first began into the company over allegations of corruption in Indian contracts.

Indian VIP helo buy under cloud

The deal for the purchase of 12 AgustaWestland AW 101 helicopters for VIP transportation is under scrutiny by the Indian defense ministry after reports surfaced that the company may have employed agents to facilitate the contract.

Finmeccanica brings wide product line to DefExpo

The Italian defense major will be represented at DefExpo by its group companies AgustaWestland, Alenia Aermacchi, DRS Tactical Systems, Inc. (a division of DRS Technologies), SELEX Galileo, Oto Melara and WASS – in DEFEXPO 2012, exhibiting products, platforms and technological solutions in the field of helicopters, aeronautic, radar systems, naval and land armaments and underwater systems.

MMRCA may already have one assured winner

India’s decision to eliminate four of the six aircraft in the Indian Air Force tender for 126 Medium Multi Role Combat Aircraft, first reported by StratPost, may already have resulted in one winner, even before the commercial bids for the Eurofighter Typhoon and the Rafale are opened.