Search This Blog

Friday, January 17, 2014

dna exclusive: Amid blacklisting process, Agusta firm gets torpedo deal

Black Shark torpedoWithin weeks of the defence ministry cancelling the Rs3,600 crore deal with AgustaWestland to procure 12 VVIP choppers, it has quietly gone ahead and cleared another multi-million dollar deal with Finmeccanica, Agusta’s parent company, for the procurement of 98 torpedoes for the navy.

So, was this deal done because all the processes for the torpedo deal were declared as ‘clean’ by various committees? Or was it done despite the fact that Augusta Westland could soon find itself blacklisted?

Once blacklisted all companies in the group including the parent company, in this case Finmeccanica, also face the axe.

Read more
om

No comments:

Post a Comment

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

Subscribe to: Post Comments (Atom)

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.