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Last trade 48.07€
Variation -2.60%
06/11/2026 - 05:35 PM
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48.07€
-2.60%
06/11/2026 - 05:35 PM
FTSE-MIB
48.07€
-2.60%
06/11/2026 - 05:35 PM
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Leonardo US Department of Defense exercises options for 36 TH-73A helicopters - Company
Leonardo welcomes the announcement made by the U.S. Department of Defense to award AgustaWestland Philadelphia Corp. a $159.4 million USD firm-fixed price modification to the previously awarded contract for the U.S. Navy’s Advanced Helicopter Training System. This modification exercises options for the production and delivery of 36 TH-73A helicopters Lot III and initial spares.
Background Information
In January 2020 Leonardo, through AgustaWestland Philadelphia Corp., was awarded a firm-fixed-price contract valued at $176 million for the production and delivery of an initial 32 TH-73A helicopters, along with spares, support, dedicated equipment, and specific pilot and maintenance training services. In November 2020, the second lot of aircraft were ordered through a $171 million contract modification, an additional 36. The lot III brings the total number of aircraft on order to 104. The total requirement is for 130 aircraft. The TH-73A will be used to train the next generation of student aviators from the U.S. Navy, Marine Corps and Coast Guard and is only made at Leonardo’s FAA-certified Part 21 Production Line in Philadelphia, PA.
VIDEO: https://leonardo.canto.global/b/O60DK
