Leonardo finalises NH90 deal with Qatar
Leonardo has finalised the contract with Qatar for 28 multi-role NH90s.
The order was first secured and signed in March this year and saw NHI Helicopters – a collaborative effort between Leonardo, Airbus and Fokker – agreeing to provide 28 medium twin-engine NH90s to the Ministry Defence of Qatar.
Leonardo is the prime contractor for the aircraft and will manage the entire deal, valued at more than €3 billion.
The contract has now been finalised and the order placed in the backlog. The helicopter manufacturers have received advanced payment for the aircraft.
Alessandro Profumo, Leonardo CEO, said: “We are proud to have made this important contract effective. We continue to be fully focused on executing our Industrial Plan aimed at ensuring long-term sustainable growth for the Group, also strengthening our commercial approach”.
As a result of this order, Leonardo renewed its guidance for 2018 on the 30th July. It increased its new order guidance to Eu14.5 billion from Eu14 billion, revenues to Eu12 billion from Eu11.5 billion.
The order will see 16 NH90 TTHs and 12 NH90 NFHs placed on land and naval operations respectively. Leonardo will assemble and delivery 12 NH90 NFHs at its Venice Tessera facility in Northern Italy. Airbus will be assembling and delivering 16 NH90 TTHs.
Deliveries of the aircraft will start before June 2022 and will continue through to 2025.
This order follows Leonardo’s dropping of its legal battle with the US Army. Leonardo accused the US military of not hosting a full-and-open competition when choosing its ‘institutional training model’. The Airbus UH-27 was chosen but other helicopters, including Leonardo’s AW109, were supposedly considered in the process.