Agusta’s CEO insists industry is ‘in good shape’
Citing a backlog of more than ?10 billion ($12.8 billion) and increases in both revenue and orders during the first nine months of 2008 compared to the sam

Citing a backlog of more than ?10 billion ($12.8 billion) and increases in both revenue and orders during the first nine months of 2008 compared to the same period the year before, AgustaWestland executives on Saturday night said they remain “reasonably and realistically optimistic” about the future of their company as well as that of the industry at large.

AgustaWestland CEO Giuseppe Orsi said the helicopter industry is “in good shape” and isn’t likely to suffer as a result of the economic downturn. “Our industry is solid. [It’s] doing fine,” he said. “We have a backlog of $13 billion, and Eurocopter has at least the same or more. My suggestion is to look at what’s going on, not with dark glasses, but…with a lot of confidence for the future.”

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