Search This Blog


Tuesday, June 16, 2015

Piaggio Adjusts Focus Towards Defense

Piaggio P.1HH HammerheadPiaggio, the Italian producer of Avanti business turboprop, is nudging its focus toward the defense business, company CEO Carlo Logli has stated.

Ever since United Arab Emirates investment firm Mubadala took the majority stake in the manufacturer in May 2014, the company has moved to “consolidate its civil turnover” and pay increased attention to the defense sector, Logli, told Aviation Week at the Paris Air Show.

He said the company before the takeover was in a “very poor” situation, with two outdated factories, which have been consolidated into one new 140 million euro (US$157 million) modern facility at Villanova d’Albenga near the Italian-French border.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.