Piaggio Aerospace awarded with a 125 million euro maintenance contract by Italian MoD
While getting closer to the deadline for the
submission of expressions of interest for the purchase of its business
complexes, Piaggio Aerospace is awarded a new contract worth approximately € 125 million: The
Italian manufacturer, in extraordinary administration since the end of 2018,
has announced today the signing of an agreement with the Ministry of Defence
for the maintenance of the entire fleet of the P.180 currently operated by the
various Armed Forces: Air Force, Navy, Army and Carabinieri.
The agreement provides in particular that the
Italian Manufacturer will guarantee for nine consecutive years the Integrated
Logistic Support for
the P.180 aircraft owned by the Ministry of Defence. Among the planned
activities: scheduled and unscheduled maintenance, the supply of engineering
services to ensure the continuous airworthiness of the fleet and the supply of
spare parts.
The aircraft are mainly used for transport
activities, ambulances, flight inspection and training.
"The contract signed today allows us to
further strengthen Piaggio Aerospace distinctive positioning in the maintenance
of both aircraft and aircraft engines, a sector that sees the company competing
with the main international operators", commented Vincenzo Nicastro,
Extraordinary Commissioner of Piaggio Aerospace. "This is a new important
step forward in the project to create a single national hub for the maintenance
of the aircraft of the Italian Armed Forces and a further step in the process
of relaunching the company, which will shortly see the closure of the first
phase of the international tender".
Piaggio Aerospace goes to potential buyers, who
have until 29 May to submit their Expressions of Interest, with a significant
order book. With the contract announced today, the value of the firm order
backlog rises to 640 million.