Finmeccanica, BAIC Sign MoU For Industrial Cooperation

Finmeccanica-AgustaWestland and Beijing Automotive Industrial Corporation (BAIC) have signed a Memorandum of Understanding (MoU) to pave the way to industrial cooperation for the marketing, maintenance and training for helicopters to be used exclusively for public purposes. 

The contract was signed at the Italy-China Business Forum held in Beijing, in the presence of Italian Prime Minister, Matteo Renzi and Chinese Premier, Li Keqiang. 

As a result of the agreement Finmeccanica-AgustaWestland may soon be supplying the Chinese market with 50 helicopters over a five-year period. 

The second agreement concerns a memorandum between Ansaldo STS, a Finmeccanica company, and United Mechanical and Electrical Co. Ltd., for the execution of four projects (Hangzhou Line 4, Dalian Lines 1&2 extension, Shenyang Line 1, Xi’an Line 2) involving the supply of signalling systems based on CBTC technology. The company has also signed a Memorandum of Understanding under which the same Chinese company commits to negotiating the contracts related to the two projects (Chengdu Line 1 and 2, and Wenzhou S1).