Babur Han
FULL MEMBER
![](/styles/default/xenforo/ranks/Captain.jpg)
- Joined
- Dec 8, 2009
- Messages
- 1,010
- Reaction score
- 0
- Country
- Location
Finmeccanica Seeks Partnership with Turkish Group
ANKARA Italian defense giant Finmeccanica, the largest company operating in Turkeys defense and aerospace industries, is seeking a partnership model to join forces with an umbrella group that houses several Turkish top defense manufacturers, a senior official from the Italian company said.
Finmeccanicas strategic objective in the Turkish market is to reach a global agreement with the Turkish Armed Forces Foundation, Paolo Pozzessere, Finmeccanicas commercial director, said March 7.
We cannot fail to dedicate special attention to this group, which is very similar to our own, Pozzessere said. Today, we are looking to focus on defense electronics, where we regard Turkish companies, particularly those of the Turkish Armed Forces Foundation, are our main partners.
Pozzessere said that Finmeccanicas main objective is to maintain its current position in the Turkish market and use its potential to increase penetration into countries in the region.
The Turkish Armed Forces Foundation owns majority stakes in the countrys top defense companies, including military electronics firm Aselsan, software company Havelsan and rocket manufacturer Roketsan. These three are among Turkeys five biggest defense companies.
Finmeccanica opened a Turkish office here in November. Finmeccanica subsidiaries, including AgustaWestland and
Telespazio, already have grabbed Turkish contracts worth billions of dollars in total for attack helicopters and for Turkeys first military satellite. On Nov. 8, the company and Turkeys procurement office signed a nearly 150 million euro (nearly $210 million) contract for the companys urgent production of nine T129 attack helicopters for the Turkish Army.
Turkey already has a separate, multibillion-dollar contract with AgustaWestland for joint manufacture of 51 T129 attack helicopters, a Turkish version of the companys A129.
Finmeccanica S.p.A. is the second-largest industrial group and the largest of the high-tech industrial groups based in Italy. It works in the fields of defense, aerospace, security, transport and energy. It is partially owned by the Italian government, with the Treasury holding about 30 percent of Finmeccanicas shares.
In the short and medium term, for example, Turkey already has or will soon have requirements for passenger and military air transport and latest-generation trainer aircraft, for wh
ich Finmeccanica Group companies offer themselves as partners for national companies, Pozzessere said.
Finmeccanica Seeks Partnership with Turkish Group | TRDEFENCE