Finmeccanica sees order growth, focus on costs

* Sees orders over 22 billion euros in both 2010 and 2011

* Sees recovery in civil helicopter market by 2012

* Decision on Ansaldo Energia fate within next two months

* Shares up 1.2 percent

ROME, March 5 (Reuters) - Italy's top defence and aerospace company Finmeccanica (SIFI.MI) said on Friday it would keep cutting costs and focus on emerging markets as it battles an economic slowdown that has hit its helicopter and space units.

The company said it expected orders to rise to more than 22 billion euros ($30 billion) both this year and next, with orders from outside its top U.S., British and Italian markets accounting for a bigger share of the total than previously.

Finmeccanica, which on Thursday posted a 16 percent rise in 2009 net profit and confirmed 2010 targets, said it had already notched up orders worth 2.7 billion euros so far this year. It reported orders of 21.1 billion euros in 2009. [ID:nLDE6231OR]

Shares of Finmeccanica shares were up 1.2 percent at 10.10 euros at 1100 GMT, in line with the the Stoxx Europe Aerospace Defense index .SXPARO. They have fallen nearly 11 percent over the past three months on jitters over the weak economy, but are roughly flat compared to a year ago.

Finmeccanica, which makes helicopters and electronic warfare systems and assembles civil and military jets, said in a presentation to analysts it expected a recovery in the civil helicopter market by 2012, with orders stable in 2010-2011.

It said it expected a temporary slowdown in its space unit, where revenues fell 9 percent in 2009, to be offset by restructurning and cost cuts.

It plans to decide within the next month or two whether to spin off its Ansaldo Energia unit in an initial public offering or find an industrial partner

The company, which issued a profit warning in January on its 2010 earnings outlook, reported 2009 net income of 718 million euros, above a Thomson Reuters I/B/E/S estimate of 688 million.

Revenues also topped forecasts to rise 21 percent to 18.2 billion euros and it said it would maintain its dividend at the same level. (Reporting by Deepa Babington; Editing by Dan Lalor) ($1 = 0.7362 euro)