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Finmeccanica SpA says investigations relating to the AW101 helicopters contract with Indian Ministry of Defence discontinued

Tuesday, 29 Jul 2014 12:16pm EDT 

Finmeccanica SpA:Announces that the Italian Prosecutor has discontinued investigations relating to the contract for 12 AW101 VVIP helicopters signed with the Indian Ministry of Defence in 2010.Says the Prosecutor acknowledged the non-involvement of Finmeccanica in the alleged wrongdoing, recognizing that since 2003, Finmeccanica has implemented – and regularly updated – an organizational, management and audit model, sufficient to prevent unlawful conduct.Says AgustaWestland SpA and its subsidiary AgustaWestland Ltd., together with the Prosecutor, have agreed to apply for a negligible fine, whilst confirming the appropriateness of their internal control systems and specifically their non-involvement in the misconduct alleged by the Prosecutor.Says this decision is not in any way an admission of any wrongdoing or liability.Says the decision to settle with the Prosecutor was taken, in light of the reorganization underway within the Finmeccanica Group, to refocus energies on business and market opportunities globally.