AgustaWestland N.V. - Company Profile, Information, Business Description, History, Background Information on AgustaWestland N.V.

AgustaWestland Italy
Via Giovanni Agusta, 520
21017 Cascina Costa di Samarate (VA)

Company Perspectives:

AgustaWestland's mission is to consolidate and strengthen its positio n as a global leader in the rotorcraft industry.

AgustaWestland, the Anglo-Italian helicopter company owned by Italy's Finmeccanica, has achieved another year of good results in 2004. The Company is one of the world's leading helicopter manufacturers, with a full range of rotorcraft for every commercial, government and mili tary application and provides an unrivalled capability in training an d customer support. AgustaWestland is more than just a helicopter man ufacturer; it is a provider of total rotorcraft capability solutions. Although AgustaWestland is proud of its heritage, it recognises the challenge of continuing to delight customers in its mission to streng then its position as a global leader in the rotorcraft industry.

History of AgustaWestland N.V.

AgustaWestland N.V. is one of the world's largest helicopter manufact urers. It produces a wide range of high-performance rotorcraft for ci vil and military markets. Of 92 helicopters delivered in 2004, 66 wen t to commercial customers. Formed by combining two leading European h elicopter manufacturers, the company has operations in Italy (near Mi lan), the United Kingdom (near Somerset, England), and the United Sta tes (Fort Worth and Philadelphia). A highly modified version of its E H101 Merlin won a U.S. Navy contract to supply helicopters for the pr esident of the United States in 2005.

AgustaWestland N.V. was established in 2000 through a 50-50 joint ven ture between Italy's Finmeccanica S.p.A. and GKN PLC of the United Ki ngdom. Both of the companies joined to form AgustaWestland began thei r helicopter manufacturing by licensing U.S. designs.

Agusta History

Giovanni Agusta built and flew his first aircraft in 1907. This forme d the beginnings of his namesake firm, Costruzioni Aeronautiche Giova nni Agusta S.p.A., based in Cascina Costa, near Milan. It originally designed and produced fixed wing aircraft in the 1920s, but became be tter known for motorcycles, at least until the mid-1950s.

The company began producing Bell Model 47 light helicopters under lic ense in 1952. Agusta's version first flew in 1954; the company would produce more than 1,200 of them in the next 22 years. Agusta went on to build more of Bell's successful designs in the 1960s. These includ ed the Model 204 UH-1 Iroquois and the ubiquitous JetRanger. The comp any also produced designs from other U.S. manufacturers.

Eventually, the firm acquired the expertise to develop its own protot ype, the A101G. This three-engined military transport never saw produ ction, however. A few other early designs reached the prototype stage but were unable to win more than limited orders from the Italian mil itary. These were followed by the innovative A109 Hirundo twin turbin e helicopter, which first flew in August 1971. Fast and versatile, it was soon adopted by Italy and Argentina. About a dozen a month were being produced in 1979, three years after its service introduction.

In the late 1970s, Agusta began designing the 15-ton EH101 helicopter with its British partner, Westland. It was first delivered to the Ro yal Navy in 1997.

In 1983, Agusta introduced the first combat helicopter to be designed and produced entirely in Europe, the A129 Mangusta. In the 1980s, Ag usta also was developing the 11-ton NH90 helicopter in conjunction wi th French, Dutch, and German companies.

Agusta created a joint venture with Bell Helicopter in 1998. The Bell /Agusta Aerospace Company was formed to produce the AB139 and the BA6 09, a civil variant of the tiltrotor aircraft being developed for the U.S. military.

An updated version of the A109 hit the market to a strong response in 1999. The A119 Koala, introduced in 2000, enjoyed success in the law enforcement market in the Americas and Asia. Exports accounted for m ore than 60 percent of sales in 2000, when revenues were more than EU R 930 million.

Westland History

Like Agusta, Westland also started its helicopter program through lic ensing. Westland was formed from the Petter engine works and had made aircraft at its site in Yeovil, England, since 1915. Its first plane s were fabric-clad aircraft built under license from the manufacturer s Short, Sopwith, and de Havilland; Westland produced more than 1,100 planes during World War I.

Between the wars Westland pioneered high-altitude flying; a flyover o f Mount Everest in a Westland-Houston PV-3 Wapati made international headlines. Work on cabin pressurization was carried on during World W ar II in developing the Welkin high-altitude interceptor.

Notable aircraft produced for the military in World War II included t he Lysander utility craft and the heavily armed, twin-engined Whirlwi nd interceptor. Westland was one of three companies chosen to produce Spitfires after the Supermarine factory in Southampton was bombed. T he company made more than 2,000, including the Seafire naval variant it helped to design.

Westland was early to enter the rotorcraft field, producing Cierva-de signed autogyros in 1936. This enterprise was cut short by the impend ing hostilities. The company built its first helicopter, the Dragonfl y, in October 1948. This was a modified version of the Sikorsky S-51. Another Sikorsky-based design, the S-55, was designated the Westland Whirlwind and had a production run of almost 400.

Westland produced 250 models of Agusta's AB47G helicopter in the 1960 s. This later became known as the Westland-Agusta-Bell 47G "Sioux." T he company began producing its first indigenously designed helicopter s after buying the operations of Saunders-Roe (SARO) in 1959. Success ful SARO models included the P 531 Scout/Wasp, which saw about 200 bu ilt for the British military.

Westland soon acquired other pioneering British firms, including the Fairey Aviation Company and the Bristol Aircraft Company. Bristol's T ype 171 Sycamore had been the first helicopter built in postwar Brita in. Bristol also produced the United Kingdom's first multi-engine hel icopters. Westland Helicopters entered the 1960s as Britain's sole he licopter manufacturer. In 1969, Westland introduced one of its bigges t successes, the Sea King, which was a variant of Sikorsky's SH-3D (S -61). It was exported to several navies.

Westland led the Anglo-French partnership that produced the Lynx in c ollaboration with Aerospatiale (formerly Sud-Aviation) from the mid-1 960s to the 1970s. More than 400 were made after it entered service i n December 1977. Aerospatiale led the design of the two other helicop ters made by the partnership, the Puma and the Gazelle.

After a period of unprecedented success, Westland entered a difficult decade, the 1980s. It lacked capital for developing new designs. It sought other manufacturers to share some of the burden. Westland foun d one partner in Sikorsky, albeit this was a controversial choice due to its U.S., rather than European, origins. U.K. Defence Secretary M ichael Heseltine, who preferred an all-European solution to Westland' s difficulties, resigned in January 1986 in what came to be known as the "Westland Affair," which split Margaret Thatcher's cabinet.

Westland teamed with Agusta again to develop the 15-ton EH101 Merlin, a replacement for the Sea King. This was accomplished through the jo int venture E.H. Industries Limited. Interestingly, the U.S. firm IBM became the prime contractor on a 1991 Ministry of Defence contract f or 44 EH101s configured for the antisubmarine role due to its ability to underwrite the EUR 1.5 billion project.

Westland Group was acquired by the engineering firm GKN PLC in 1994. It was subsequently renamed GKN Westland Helicopters. GKN had owned a stake in Westland for several years, and obtained control of the com pany after Sikorsky parent United Technology sold its stake. GKN offe red considerable financial strength, which allowed Westland to become a prime contractor for major projects, such as a EUR 600 million Mer lin HC Mk 3 order for the RAF.

Westland won a EUR 2.2 billion contract to build 67 Apache AH MK.1 he licopters in 1996. These were produced under license from Boeing Comp any, which was also a subcontractor. By the end of the 1990s, GKN Wes tland had revenues of about $1 billion.

Forming AgustaWestland in 2000

GKN and Finmeccanica S.p.A., the respective parent companies of Westl and and Agusta, officially combined their helicopter operations on Ja nuary 1, 2001, after more than two years of negotiations. In the deal a new holding company, AgustaWestland N.V., was incorporated in The Netherlands. AgustaWestland was one of the world's largest helicopter manufacturers, with annual revenues exceeding $2 billion and 10, 000 employees. It had 6,000 aircraft in service. A major restructurin g program was implemented soon after the merger.

In 2003, the company reported more than 100 orders for the AB 139 med ium helicopter it was producing in collaboration with Bell Helicopter . Revenues were EUR 2.6 billion ($3.3 billion) in 2003, when the company delivered 118 aircraft, up nearly 20 percent from the previou s year. According to Flight International, AgustaWestland had a 12 percent share of the global helicopter market, and its constitue nt companies had delivered a total of 7,500 helicopters.

Finmeccanica bought out GKN's 50 percent holding in AgustaWestland N. V. in 2004 for EUR 1 billion ($1.8 billion). Finmeccanica was shi fting its corporate focus to the aerospace and defense market, and wa s also buying out its avionics joint venture with BAe Systems. Finmec canica was 32.4 percent owned by the Italian government.

In January 2005, AgustaWestland, part of a team led by Lockheed Marti n, won a $6.1 billion U.S. Navy contest to build Marine One, the U.S. president's helicopter (actually 23 helicopters were ordered). T his was a controversial honor for a foreign manufacturer; AgustaWestl and's three-engined US101 design, a derivative of the EH101, won out over a Sikorsky model since it was more spacious, had been proven in combat, and could be delivered sooner. Bell Helicopter, AgustaWestlan d's partner in Bell/Agusta Aerospace, was also part of the Lockheed M artin team. The news of the presidential helicopter win unfortunately was followed by layoffs of 640 workers at the U.K. plant due to othe r contracts winding up. The company had employed 4,000 people there.

The company hoped the prestigious Marine One order would lead to more success with the U.S. military, including a contract to supply up to 141 helicopters for the Air Force's $10 billion Personnel Recove ry Vehicle program. Another bid, announced in October 2005, teamed Au gustaWestland with L-3 Communications to pitch the twin-engine US139 for the U.S. Army's Light Utility Helicopters requirement to replace the Vietnam era UH-1 Huey. AgustaWestland also was winning large orde rs in the United Kingdom, including a EUR 1 billion deal for Future L ynx helicopters. The company was in the bidding for other Ministry of Defence requirements.

In a reversal of the company's origins, AgustaWestland was licensing its designs to foreign manufacturers. Denel Aerospace of South Africa was building the A109 light utility helicopter while Japan's Kawasak i Heavy Industries was making EH101s. AgustaWestland formed a joint v enture in China to build and sell its A109 helicopter there. The comp any, which was getting established in Australia, also was promoting i ts products heavily in the South Pacific. While the world commercial helicopter market was expected to be flat, military demand was growin g.

Principal Subsidiaries: Agusta Aerospace Corporation (U.S.A.); Agusta S.p.A. (Italy); AgustaWestland Inc. (U.S.A.); Westland Ltd. ( U.K.).

Principal Operating Units: AgustaWestland Italy; AgustaWestlan d UK; AgustaWestland North America; AgustaWestland - AAC.

Principal Competitors: Bell Helicopter Textron Inc.; Eurocopte r S.A.; MD Helicopters Holding, Inc.; Sikorsky Aircraft Corporation.


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