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Italian firm wins $1.2 bn Lima metro contract

Italian industrial giant Finmeccanica on Friday said it had won a $1.2 billion (873 million euro) contract for building and operating unmanned metro lines in Lima. The project for Metro Lines 2 and 4 in the Peruvian capital involves 35 stations, 35 kilometres of tunnels and 42 trains which will be supplied by the Italian company. Unmanned trains similar to the ones that will be built for Lima are already being supplied by Finmeccanica to underground rail networks in Copenhagen and Riyadh.

Italian firm wins $1.2 bn Lima metro contract

Italian industrial giant Finmeccanica on Friday said it had won a $1.2 billion (873 million euro) contract for building and operating unmanned metro lines in Lima. The project for Metro Lines 2 and 4 in the Peruvian capital involves 35 stations, 35 kilometres of tunnels and 42 trains which will be supplied by the Italian company. Unmanned trains similar to the ones that will be built for Lima are already being supplied by Finmeccanica to underground rail networks in Copenhagen and Riyadh.

Finmeccanica shares retrace opening losses to trade higher after results

MILAN (Reuters) - Shares in Finmeccanica <SIFI.MI> retraced losses at Thursday's open to move higher in early trade after releasing 2013 results. On Wednesday the state-controlled defense group said it had returned to profit last year after two years in the red. At 0808 Finmeccanica shares were up 1.9 percent. (Reporting by Stephen Jewkes, editing by Isla Binnie)

Italian judge rejects Indian bid to recover helicopter deal guarantees

MILAN (Reuters) - An Italian judge has rejected a request by India to recover more than 278 million euros ($387 million) in bank guarantees backing a scrapped helicopter deal with Finmeccanica, the Italian defense group said on Monday. India cancelled the 560 million-euro order with Finmeccanica unit AgustaWestland for 12 top-end helicopters in January, citing a breach of integrity relating to alleged corruption.

UK, France tighten defence ties with drone and missile projects

Britain and France brought their defence cooperation closer on Friday, announcing joint projects to build combat drones and unmanned anti-mine vehicles. British Prime Minister David Cameron and French President Francois Hollande struck a series of deals in a one-day summit at the Brize Norton airbase in Oxfordshire, southern England. They also announced joint training exercises and closer logistics operations.

India scraps AgustaWestland chopper deal over bribe allegations

India cancelled on Wednesday a 556-million-euro ($753 million) contract with Anglo-Italian firm AgustaWestland to buy luxury helicopters for VIPs amid bribery allegations. The deal signed in February 2010 was scrapped after Defence Minister A. K. Antony held a meeting with Prime Minister Manmohan Singh whose Congress-led government has been buffeted by a string of corruption scandals.

India scraps $670M helicopter deal with Italian giant Finmeccanica after bribery allegations

NEW DELHI - India has cancelled a 560 million euro ($670 million) contract for 12 helicopters after Italian defence giant Finmeccanica was accused of bribing Indian contacts to secure the deal. A defence ministry official said the decision was made Wednesday during a meeting between Defence Minister A.K.Antony and Prime Minister Manmohan Singh. He spoke on condition of anonymity as he was not authorized to talk to reporters.

AgustaWestland fights to keep graft-tainted Indian chopper deal

British helicopter-maker AgustaWestland sought arbitration Wednesday in a bid to salvage a $753-million chopper deal that was suspended over corruption allegations. India suspended the contract to supply 12 luxury VIP helicopters earlier this year after Italian investigators began looking into accusations that AgustaWestland paid bribes to win the deal. The firm said in a statement it had sought arbitration by a "well-known" Indian judge of "unimpeachable experience and reputation" to settle the disagreement.

Switzerland extradites man linked to Finmeccanica probe to Italy

ZURICH (Reuters) - Switzerland has extradited a man to Italy in connection with a probe into allegations of bribery in an Indian helicopter deal won by Finmeccanica <SIFI.MI> unit AgustaWestland, Swiss authorities said on Monday. The Swiss Justice Ministry said in a statement it had handed over Guido Ralph Haschke, an Italian and U.S. citizen, who lives in Lugano, Switzerland, to the Italian authorities.

India moves to cancel Italian helicopter deal over graft scandal

India has moved to cancel a contract with Anglo-Italian firm AgustaWestland for the purchase of luxury helicopters for VIPs following a corruption scandal, a defence ministry source said Wednesday. "The defence ministry has issued a final show cause notice to AgustaWestland," the top ministry source told AFP. "They have been given 21 days to respond," the source said of the notice informing the company of the intended cancellation. AgustaWestland confirmed receiving the notice from the Indian defence ministry.
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