Finmeccanica

Defense, Energy
1600
BIT: LDO
Italy
Finmeccanica

"The civil aviation chief of Iran has said that the country intends to pursue legal action against both Airbus and ATR [which is jointly owned by Airbus and Finmeccanica] regarding their lack of parts supply." (Simple Flying, "Iran Eyes Legal Action Against Airbus And ATR Over Spare Parts Supply," (1/4/22)

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"Following the lifting of sanctions in January 2016, IranAir finalized contracts for purchasing 100 Airbus jets, 80 Boeing jets and 20+20 ATR aircraft. It has taken the delivery of 11 planes so far: one Airbus A321, two Airbus A330s and eight ATR 72-600s." (Financial Tribune, "50% of Iran’s Passenger Fleet Grounded by Technical Problems," 12/7/21)

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"Iran has ordered 100 airliners from European planemaker Airbus and 80 from Boeing and is in talks to finalize a deal to buy 20 turboprop aircraft from ATR, jointly owned by Airbus and Italy's Leonardo Finmeccanica." (March 2017)

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"Finmeccanica's engineering unit Fata has signed a 500 million euro ($543 million) contract with Iran's Ghadir to build a power plant in the Asian country, a spokesman for the Italian defense group said on Wednesday. Italian Foreign Minister Paolo Gentiloni held talks with officials in Tehran on Tuesday, the latest in a series of European officials seeking closer trade ties with Iran after its nuclear deal with world powers." (Reuters, "Italy's Finmeccanica signs Iran power plant deal for 500 million euro," 8/5/15)

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"Finmeccanica, a conglomerate of defense, aerospace, energy and transportation companies, provided Iran with 44 gas turbines through its subsidiary Ansaldo Energia as part of a project completed in 2002 to increase that country’s power capacity. This past summer, citing that tie, Los Angeles County Metropolitan Transportation Authority held off from awarding the company a contract to build it light rail cars. But the federal government had no such qualms, awarding the company contracts to sell products like weapons and tracked vehicles to the United States Army while the company was still in Iran. A spokesperson for the Finmeccanica said the company withdrew from Iran because it wanted to align itself with the policies of the Italian government and because it was sensitive to concerns by the U.S. government about companies operating in Iran."  From 2000-2009, the company was the recipient of $2.1 billion US federal funds.  They have withdrawn their activities from Iran.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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"However, Breda is owned by Finmeccanica, a conglomerate of defense, aerospace, energy and transportation companies, which has deals to provide Iran with 44 gas turbines through its subsidiary Ansaldo Energia." (LA Times, "MTA takes issue with potential contractor's ties with Iran," 7/18/2009)

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Ansaldo Energia, one of Finmeccanica's subsidiaries, notes the following on its website: "The bid for the supply of 32 simple-cycle gas turbine (GT) units to Iran, in which the main European manufacturers participated, ended with a pre-agreement in May 1999 and the signing of the contract in July of the same year between Ansaldo Energia Spa and its client, Mapna, the largest general contractor in Iran in the electricity field and affiliated to the country's Ministry of Energy. The 32 units, all of them equipped with V94.2 150MW gas turbines, total 4800 MW of power output, constituting roughly 20% of the entire production of the country. In the meantime, new contracts have been added to the initial one, bringing the final number of units supplied by Ansaldo Energia to 44." (Company website)

Response: "Compliance with nationals and internationals law is, for Leonardo-Finmeccanica, the best way to uphold the highest ethical and moral standards." (11/5/2016)