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lunes, 20 de agosto de 2018

Leonardo: NH90 Qatar contract now effective. Order booked. Advance payment received. 2018 Group Guidance confirmed, as revised upwards the 30th of July

Rome, 20 August 2018 – Leonardo announces that it has made effective the contract, signed on March 14, 2018,  for the supply of 28 NH90 medium twin-engine multirole military helicopters to the Ministry of Defense of Qatar and has therefore booked the order in its backlog and received the advance payment relating to the contract. Leonardo acts as overall prime contractor with responsibility for the management of the entire programme valued at more than €3 billion to the NHI consortium.  

Alessandro Profumo, Leonardo CEO, stated: “We are proud to have made this important contract effective. We continue to be fully focused on executing our Industrial Plan aimed at ensuring long-term sustainable growth for the Group, also strengthening our commercial approach”.  

The Group Guidance for the full year 2018 is confirmed, as revised upwards on 30th of July in respect of higher order intake and FOCF to reflect the expected effectiveness of the NH90 Qatar contract, that had been only partially factored into Group Guidance, and the potential for certain export campaigns not to be full finalised by year-end  


2018 Guidance    

New Orders (€bn.)  14.0 – 14.5 
Revenues (€bn)  11.5 – 12.0 
EBITA (€mln)  1,075 – 1,125 
FOCF (€mln)   300 – 350 

Group Net Debt (€bn)  ca. 2.4    

Exchange rate assumptions €/USD 1,20 and €/GBP 0,90 


NH90 QATAR CONTRACT 

Leonardo acts as overall prime contractor with responsibility for the management of the entire programme which includes 16 NH90 TTH for land operations, 12 NH90 NFH for naval missions, a comprehensive support, maintenance training services package and associated infrastructure. The programme could be further extended in the future with the addition of 6 + 6 units in a mix of TTH and NFH variants. Leonardo will be also responsible for the final assembly and delivery of the 12 NH90 NFH helicopters from its Venice – Tessera facility in Northern Italy and an eight-year support and  training  services  package  for  crews  and  maintenance  technicians.  Meanwhile  Airbus  will  be responsible  for  the  final  assembly  of  the16  NH90  TTH  aircraft.  Deliveries  are  expected  to  start before  June  2022  and  to  continue  through  to  2025.  Leonardo  will  also  supply,  contribute  to  and integrate  various equipment,  avionics  and sensors. 


LEONARDO CONTRIBUTION TO THE NH90 HELICOPTER 

Leonardo  is  responsible for  or  contributes to the  design,  production  and  integration  of  a  wide  range of  NH90  critical  components  and  systems.  These  include  the  rear  fuselage,  main  gearbox, hydraulic  system,  Automatic  Flight  Control  System  (AFCS),  plant  management  system,  NFH mission  system,  power  plant  integration  and  final  assembly  of  TTH  and  NFH  aircraft  for  various customers  at  its  Venice  -  Tessera  facility  in  Northern  Italy.  Leonardo  also  integrates  additional dedicated  systems,  avionics  and  sensors  such  as  the  Laser  Obstacle  Avoidance  Monitoring (LOAM)  system,  radar,  digital  map  generator,  sonar  and  naval  mission  console.  Weapon  systems Leonardo  contributes  to  comprise  pintle  mounted  gatling-type  guns,  torpedoes  and  air-to-surface missiles  for  Anti-Surface  Warfare  (ASuW)  missions. 


NH90 HELICOPTER 

The  largest  military  helicopter  programme  in  Europe,  the  NH90  is  the  optimal  choice  for  modern operations  thanks  to  its  fully  composite  airframe  with  a  large  cabin,  its  excellent  power-to-weight ratio  and  its  wide  range  of  role  equipment.  It  features  a  quadraplex  fly-by-wire  flight  control  system for  reduced  pilot  workload and enhanced  flight  handling  characteristics. 

The  NH90  is  available  in  two  main  variants,  one  dedicated  to  naval  operations,  the  NH90  NFH (NATO  Frigate  Helicopter)  and  the  TTH  (Tactical  Transport  Helicopter)  for  land  based  operations. As  of  today,  over  350 helicopters  have been  delivered  in NFH  and TTH  variants  to customers  in 13 nations.  Aircraft  in  service  have  logged  nearly  180,000  flight  hours  in  a  wide  range  of  weather  and environmental  conditions,  over  land  and  sea.  543  NH90s  have  been  ordered  by  customers worldwide  to date. 

The  twin-engine,  medium-size  NH90  helicopter  programme  is  managed  by  NHIndustries,  which  is owned by  Leonardo,  Airbus,  and  Fokker.