Rotorcraft
Deliveries Up, Orders Down at AW
Despite the gloomy economy, AgustaWestland disclosed sound financial figures for the first nine months of this year.

Despite the gloomy economy, AgustaWestland disclosed sound financial figures for the first nine months of this year. Revenues totaled E2.5 billion, a 14-percent increase from last year, as a result of a 17-percent increase in production volumes. Deliveries to the governments of Algeria, Japan and the UK were notable contributors. Earnings (Ebitda) increased by 2 percent, to E237 million. New orders, however, fell by 19 percent to E2.7 billion. Helicopters (new aircraft and upgrades) accounted for 54 percent of revenues; product support and engineering comprised the remaining 46 percent. The backlog is said to be “sufficient to guarantee around three years of production.”