ALGERIA, ITALY SIGN HELICOPTER MANUFACTURING DEAL

ALGIERS, -- A memorandum of understanding (MoU) on an industrial and trade partnership for the manufacturing of AugustaWesland helicopters in Ain Arnat in Setif, central Algeria, was signed here Thursday by the Ministry of National Defence and the Italian group Leonardo-Finmeccanica (SPA-Italy).

The Ministry said in a statement that the MoU was "part of the implementation of the programme of economic relaunch, initiated by President Abdelaziz Bouteflika aimed at re-boosting the national industry and the development of military manufacturing to contribute to national development and to strengthen its potentials".

The two sides agreed to establish this year a joint Algerian-Italian company to undertake the manufacturing of light and medium helicopters in the industrial site of Ain Arnat.

"From the first years and following the construction of plants, the main objective of this company is to manufacture three types of light and medium helicopters for various uses including the transport of personnel and cargo, medical evacuation, surveillance and control," added the statement.

"From its launch, this company will benefit from a local and international distribution network and an after-sales service that includes all levels of repairs."

Source: Name News Network